1615 Lyon Street NE, Grand Rapids, MI 49503 (MLS # 24059476)
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
|
|
|
Prior to Dec 12, '24
|
$369,500
|
Dec 12, '24 - Today |
$354,500 |
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 |
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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.
This IDX solution is (c) Diverse Solutions 2024.
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