For Sale
108 Princeton Drive, South Lyon, MI 48178
$129,000
MLS # 20261053284 (Realcomp)
2 beds1 bath698 sqftBuilt 1974
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Listing Description
Turn-Key Investor Opportunity: Renovated & Cash-Flowing in South Lyon!Instant Returns & Zero Vacancy Risk! Expand your rental portfolio with this beautifully updated, low-maintenance condo. Currently occupied by a reliable tenant paying $1,150/month on a lease through February 2027, this property delivers immediate cash flow from Day One with no marketing or leasing delays!Freshly Renovated & Turnkey:Modern Upgrades: Enjoy immediate peace of mind with brand-new paint throughout and plush new carpeting.Kitchen & Laundry: Features a brand-new dishwasher, along with a convenient in-unit washer and dryer. All appliances stay with the home!Value-Packed Association & Lifestyle Perks:Utilities Included: Water is fully covered under the HOA dues, minimizing tenant utility concerns and simplifying your overhead.Pet-Friendly: Highly desirable, pet-friendly community—a massive selling point that dramatically expands your future tenant pool!Low-Maintenance: Well-maintained community with reasonable HOA dues covering snow removal, exterior maintenance, trash, and water.Parking: Features a dedicated covered carport.Prime Location:Ideally situated on the edge of vibrant downtown South Lyon! Tenants will love being within walking distance to popular locally owned restaurants, coffee shops, breweries, boutiques, and the seasonal Farmers Market.Whether you are looking for a hassle-free, income-generating gem or your first rental property, this renovated condo is a rare find. Schedule your showing today
Source: SparkMLS
About this home
This 2-bedroom, 1-bath, 698 sq ft home built in 1974 sits in All South Lyon Listings in South Lyon.
Asking $129,000 (about $185/sq ft).
Property tax estimate: $2,300 per year ($192/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms1
Living Area698 sqft
Year Built1974
Stories1
Location
CitySouth Lyon
MunicipalityPittsfield Charter Twp
Zip Code48178
CountyWashtenaw
School DistrictSouth Lyon
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementSlab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed7/11/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$335 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$2,300
Source: SparkMLS
Legal Description
T1N, R7E, SEC 30 OAKLAND COUNTY CONDOMINIUM PLAN NO 1125 PRINCETON SQUARE CONDOMINIUMUNIT 4, BLDG 1 L 18785 P 396 8-6-98 FR 476-005
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAPrice & Status History
Jul 12, 2026
Listed for sale
$129,000
More Homes in All South Lyon Listings
Listed by Kamaraju Vadrevu
Internet Real Estate, Inc
Frequently Asked Questions about 108 Princeton Drive, South Lyon, MI 48178
Which school district serves 108 Princeton Drive, South Lyon, MI 48178?
Per MLS# 20261053284, 108 Princeton Drive, South Lyon, MI 48178 is in the South Lyon boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact South Lyon directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261053284, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 108 Princeton Drive, South Lyon, MI 48178?
Per public tax records, annual property taxes for this property are $2,300. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 108 Princeton Drive, South Lyon, MI 48178 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 108 Princeton Drive, South Lyon, MI 48178 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 108 Princeton Drive, South Lyon, MI 48178?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
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Monthly payment$1,172
Principal & interest$837
HOA$335
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
108 Princeton Drive, South Lyon, MI 48178
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Municipality
All South Lyon Listings
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County
Washtenaw County
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