About 57035 Bonne Terre
Rare Quadplex Investment Opportunity – Fully Rented & Ideally Located!Excellent opportunity to own a fully rented 4-unit multifamily property in a high-demand area. This well-maintained community includes two 1-bedroom/1-bath units and two 2-bedroom/1-bath units - all ranch-style homes with smart, efficient layouts. Each unit is on a month-to-month lease, offering flexibility for future rent adjustments or redevelopment. Tenants enjoy private carports, a shared laundry facility, and spacious yards that back to a peaceful creek - a unique and appealing setting. The current owner has been top-notch with ongoing maintenance, ensuring the homes remain clean, functional, and easy to rent. Two tenants are long-term, and thanks to the location and overall condition, rental demand remains strong. Current rents are below market due to long-standing tenant relationships, presenting immediate upside potential for a new owner. Zoned multifamily with the township, the property offers expansion potential, such as adding additional units, increasing density, or reconfiguring existing structures for higher-value use (subject to township approval). With all ranch-style homes and utilities already in place, future development is more accessible and cost-effective. This is a turn-key investment with built-in value-add potential - perfect for both seasoned investors and those looking to grow their portfolio with a reliable, income-producing asset. *Please Do Not Walk this Property Without Showing Confirmation*
Features of 57035 Bonne Terre
| MLS® # | 60403292 |
|---|---|
| Price | $699,990 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,072 |
| Acres | 0.72 |
| Year Built | 1965 |
| Type | Multifamily |
| Style | Ranch |
| Status | Active |
| Source MLS | MiRealSource |
| Originating MLS | RealComp |
Community Information
| Address | 57035 Bonne Terre |
|---|---|
| Area | Lyon Twp |
| City | New Hudson |
| County | Oakland |
| State | Michigan |
| Zip Code | 48165 |
Amenities
| Amenities | Laundry Facility, Private Entry |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| Structure Style | 1 Story |
Exterior
| Foundation | Crawl |
|---|
School Information
| District | South Lyon Community Schools |
|---|
Additional Information
| Zoning | Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Town & Country |
|---|
