1615 Lyon Street NE, Grand Rapids, MI 49503
$338,000 - Sold
- MLS#: 24059476
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1920
- Basement: Yes
- Air: Wall Unit(s)
- Lot Size: 112 x 140
- Square Footage: 1,724
- Exterior: Aluminum Siding
- Water: Public
- Acreage: .36
- Heat: Hot Water/Natural Gas
- PPN: 41428101037
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Cable Available,Electricity Available,Natural Gas Available,Public Sewer,Public Water,Storm Sewer
- Extras: Garages,Sep Electric Meter
- Lot Description: Level,Sidewalk
- Frontage/Type: 112 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $369,500
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: From I-196, take the Fuller exit, right on Fuller, left on Michigan, right on Alten, left on Lyon to address.
- 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!
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