1615 Lyon Street NE new Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49503
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 71024059476
Bedrooms 2
Originating Board West Michigan Lakeshore Association of REALTORS®
Year Built 1920
Annual Tax Amount $6,295
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 112 x 140
Property Description
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!
Location
State MI
County Kent
Area Grand Rapids
Direction From I-196, take the Fuller exit, right on Fuller, left on Michigan, right on Alten, left on Lyon to address.
Interior
Interior Features Laundry Facility
Heating Hot Water
Cooling Wall Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 5.0
Waterfront no
Roof Type Metal
Road Frontage Paved,Pub. Sidewalk
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
Water Public (Municipal),Water at Street
Structure Type Aluminum
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 41428101037
Ownership Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional