1615 Lyon Street NE, Grand Rapids, MI 49503 (MLS # 24059476)

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PRICE $354,500 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 15,682 sqft

Located in the highly sought-after Fulton Heights neighborhood of Grand Rapids, this duplex presents an exceptional investment opportunity in one of Michigan's most vibrant and rapidly growing cities. Offering the potential for steady rental income, this property is perfectly positioned in an area renowned for its dynamic economy, strong rental demand, and thriving real estate market. Set on a double-sized lot, the property includes a generous 2-stall garage, currently utilized by tenants for additional storage, adding value and convenience for the renters. Both units are fully leased through July 2025, providing an immediate, reliable income stream for the new owner. Plus, the City of Grand Rapids rental certificate is valid through May 2028. Recent upgrades to the property, completed within the past year, enhance its overall appeal and functionality. With ample parking and a desirable location just minutes from downtown Grand Rapids, this duplex is an ideal addition to any investor's portfolio. Whether you're looking to expand your rental holdings or enter the Grand Rapids market, this property offers long-term growth potential and a prime opportunity in a neighborhood that continues to attract attention. Don't miss your chance to secure this incredible investment. Schedule your showing today!

DAYS ON MARKET 39 LAST UPDATED 12/12/2024
YEAR BUILT 1920 COMMUNITY Grand Rapids - G
COUNTY Kent STATUS Active
PROPERTY TYPE(S) Multi Family

PRICE HISTORY
Prior to Dec 12, '24 $369,500
Dec 12, '24 - Today $354,500


ADDITIONAL DETAILS
AIR Wall Unit(s)
AIR CONDITIONING Yes
AREA Grand Rapids - G
BASEMENT Partial, Yes
CONSTRUCTION Aluminum Siding
FIREPLACE Yes
HEAT Hot Water, Natural Gas
LOT 0.36 acre(s)
LOT DESCRIPTION Level
LOT DIMENSIONS 112 x 140
PARKING Paved
SEWER Public Sewer
TAXES 6295
UTILITIES Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Five Star Real Estate Lakeshore LLC, Dawn Van Kampen

Copyright 2024 MichRIC, LLC. All rights reserved.

Updated 12/22/24 12:46 PM PST

Information Deemed Reliable But Not Guaranteed.

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