515 E LAKE Street

515 E LAKE Street

South Lyon, Michigan 48178

| 3.00 Baths | 2344 sq.ft. | Multifamily

Sold $329,900

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

Essential Information

MLS#219020379 | School District: South Lyon | County: Oakland

Property Features

Architecture: 2 Story | Cooling: Central Air,Separate Meter | Heating: Forced Air,Separate Meters | Exterior Features: Fenced,Gutter Guard System,Outside Lighting,Private Entry | Interior Features: Cable Available,High Spd Internet Avail,Laundry Facility,Pets Allowed,Programmable Thermostat,Water Softener (owned) | Sewer: Sewer-Sanitary | Directions: 2 blocks east of Downtown

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