$369,500
1615 Lyon Street Grand Rapids, MI 49503-3715
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$369,500
Est. payment /mo
1,724 SqFt
New
1615 Lyon Street Grand Rapids, MI 49503-3715
UPDATED:
11/15/2024 02:28 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,724 sqft
Price per Sqft $214
Subdivision Mi
MLS Listing ID 70441934
Year Built 1920
Annual Tax Amount $6,295
Tax Year 2023
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.
Location
State MI
County Kent
Area Grand Rapids (41032)
Interior
Heating Hot Water
Exterior
Exterior Feature Aluminum
Garage Additional Garage(s)
Waterfront No
Building
Lot Description Sidewalks
Foundation Basement
Water Public Water
Structure Type Aluminum
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Five Star Real Estate Lakeshore LLC
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