$699,990

57035 Bonne Terre, New Hudson, MI 48165

  • 4 baths |
  • 2,072 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon0.72acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $338/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

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*

Listing Status:
Active
Date Added:
June 16, 2025 at 05:00AM
Listing Office:
Coldwell Banker Town & Country : 810-227-1111
Listing Agent:
Christine Tiderington : 810-923-0867
MLS ID:
60403292
  • Laundry: Common Area
  • A/C: Window Unit(s)
  • Heating: Baseboard
  • Style: Ranch
  • General: Vinyl SidingOneCrawl
  • Road/Access: Private Road
  • Golf: Private Entry
  • Originating MLS: MiRealSource
  • School District: South Lyon Community Schools
  • County: Oakland
  • Zoning: T1NR7ESEC 4 PART OF SE 1/4 BEG AT PT DIST N 245.60 FT FROM SE SEC CORTH S 73-41-00 W 244.14 FTTH N 169.78 FTTH N 88-42-00 E 234.37 FTTH S 106.50 FT TO BEG 0.72 A
  • Water: Private Well
  • Sewer: Septic Tank
  • Source: MiRealSource

This listing courtesy of Christine Tiderington, Coldwell Banker Town & Country

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Ann L. Dolsen Elementary School

56775 Rice St, New Hudson, MI, 48165

Grades KG-5

0.25 miles away

M

Millennium Middle School

61526 9 Mile Rd, South Lyon, MI, 48178

Grades 6-8

4.49 miles away

S

South Lyon High School

1000 N Lafayette St, South Lyon, MI, 48178

Grades 9-12

2.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.