MLS® ID: 219020379

515 LAKE Street

South Lyon, Michigan, 48178

Pending
  • - SQFT
Savvy Investor, look at this Immaculate Victorian beauty. 2 Units fully rented. Income Now! Metered Separate. Unit 1, Fully fitted with 3 bedrooms as well as 2 baths, kitchen, walk-in closets & laundry facilities. Original wood floors, covered porch, and super clean partial Michigan basement with cement floors. Lots of character. 1st-floor den/3rd bedroom off living room can open up to Unit 2 apartment. Extra 3 Season Room in back to deck overlooking private fenced yard. Unit 2 is same in Character and Utility. Unit 2 is 2 bdrm and 1 bath. Both units have newer windows. New 2 Car Garage,City services,located on a beautiful large treed lot. Walk to all the festivals. Next to Huron Valley bike trails. Zoned Light Industrial. Grandfathered in for Res/Duplex. Apt is fully fitted with all appliances as well as in the main home. Gross Rent/yr = $25920 Expenses/yr= Maint $720, Tax $5424, Ins $1236 Net Income= $18,540 Unit 1:lease extends to March of 2020. Unit 2 is Month to Month
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Listing courtesy of Denovo Real Estate

Amenities

  • Zip
    48178
  • Office name
    Denovo Real Estate
  • Year built
    1864
  • Agent name
    Edward McLeskey
  • Purchase Type
    Active
  • Year Built Range
    1989 (and earlier)
  • Office ID
    495518210
  • Agent ID
    484505661

Location

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