1129 Lyon Street NE
Grand Rapids, MI 49503
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1961 build
- – on site
Now offering this solid 8-unit real estate investment opportunity in Grand Rapids, Michigan. Situated in a high-rent district and close to shopping, restaurants, highways, hospitals and more. All 8 units have been tastefully remodeled, and the property is completely turnkey. Each unit features 2 sizable bedrooms, 1 bathroom, updated kitchen and living room spaces and private laundry. Plenty of private off-street parking available. New roofs, Pella windows, A/C units and furnaces as of 2 years ago. Tenants pay all utilities except for water. Possible value-add with garden unit development in the basements. Don't miss out on this opportunity to build your rental portfolio!
Last checked:
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Last updated Nov 14, 2024
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MLS# 65024059440 —
The Building
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Year Built:1961
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Construction Materials:Brick
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# of Units Total:8
Interior
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Features:Laundry Facility
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Basement:Yes
Financial & Terms
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Land Contract:No
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Short Sale:No
Location
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Directions:Between Michigan and Fulton. West off Fuller on Lyon.
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Directions From North South Detail:Fuller Ave NE
The Property
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Property Type:Multifamily
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Parcel Number:411429130031
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Zoning:Other
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Lot Size Dimensions:110 x 243
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Lot Size Area:0.61
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Frontage Feet:110
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Waterfront:No
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (616) 901-4541
- Office phone:
- (616) 901-3620
Taxes
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Total Taxes:$23,581.50
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Tax Amount Summer:$23,581.50
Heating & Cooling
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Cooling:Central Air
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Heating:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary), Sewer at Street
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Water Source:Public (Municipal), Water at Street
Appliances
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Laundry Facilities:Yes
Schools
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School District:Grand Rapids
Parking
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Total Parking:16
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MF Parking:Paved
Extra Units
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Unit Count:12
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Unit Two Bed Number Of:4
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Regional Alliance of REALTORS®, © 2024 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Soundscore™
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Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/14/24
Nov 14, 2024
|
Listed / Active | REALCOMP | $1,550,000 |
