Homes for sale - 1615 Lyon Street NE, Grand Rapids, MI 49503

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Tony And Renee DeKroub

[email protected] +1(517) 404-4270

$ 369,500

Est. payment -/mo

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1615 Lyon Street NE Grand Rapids, MI 49503

2 Beds

0.36 Acres Lot

UPDATED:

11/15/2024 01:14 AM

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

Listed by Dawn Van Kampen of Five Star Real Estate Lakeshore LLC

Tony And Renee DeKroub

Agent | License ID: 6501245221

+1(517) 404-4270

Tony And Renee DeKroub

1615 Lyon Street NE Grand Rapids, MI 49503

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1615 Lyon Street NE