57035 Bonne Terre
New Hudson, MI 48165

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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*

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48165
• Year Built: 1965
• Subdivision/Neighborhood: Lyon Twp
• School District: South Lyon
• Basement: Crawl Space
• Lot Size: 0.72 acres
• Waterfront: Stream/Creek
• Basement Type: No
• Construction Materials: Vinyl Siding
• Cooling: Window Unit(s)
• Directions: S of Grand River / W of Milford Rd
• Extras: Laundry Facility
• Gross Income: 44220
• Heat Source: Natural Gas
• Heating: Baseboard
• Lot Size Area: 0.72
• Lot Size Square Feet: 31363.2
• Lot Size Units: Acres
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Operating Expense: 14200
• Parcel Number: 2104477015
• Road Frontage: 106
• SEV: 121120
• Street Type: Private
• Tax Annual Amount: 3400.93
• Tax Legal Description: T1N, R7E, SEC 4 PART OF SE 1/4 BEG AT PT DIST N 245.60 FT FROM SE SEC COR, TH S 73-41-00 W 244.14 FT, TH N 169.78 FT, TH N 88-42-00 E 234.37 FT, TH S 106.50 FT TO BEG 0.72 A
• Total Approx Sq Ft All Bldgs: 2072
• Total Num Units: 4
• Township: Lyon Twp
• Water Source: Well