1615 Lyon NE Street Pending Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49503
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24059476
Year Built 1920
Annual Tax Amount $6,295
Tax Year 2024
Lot Size 0.360 Acres
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 - G
Interior
Heating Hot Water
Cooling Wall Unit(s)
Fireplaces Number 1
Laundry Electric Dryer Hookup,In Unit,Washer Hookup
Exterior
Parking Features Paved
Utilities Available Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Electricity Connected,Water Available,Sewer Available,Storm Sewer
View Y/N No
Roof Type Metal
Building
Lot Description Level,Sidewalk
Sewer Public Sewer
Structure Type Aluminum Siding
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional