Homes for sale - 1615 Lyon Street, Grand Rapids, MI 49503-3715

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Jeff Rising

jeff@therisingteam.com +1(517) 605-1286

$ 354,500

Est. payment | -/mo

1,724 SqFt

Save Virtual Tour

$ 354,500

Est. payment | -/mo

Save Virtual Tour

1,724 SqFt

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 $205

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

Parking Features Additional Garage(s)

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

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by Five Star Real Estate Lakeshore LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(517) 605-1286

jeff@therisingteam.com

105 E Maumee St, Adrian, MI, 49221, USA

1615 Lyon Street Grand Rapids, MI 49503-3715