1615 Lyon Street NE
Grand Rapids, MI 49503
- – beds
- – baths
- – sqft
- 15,682 sqft lot
- 1920 build
- – on site
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!
Listing courtesy of REALCOMP / Five Star Real Estate Lakeshore LLC
Last checked:
Checking…
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Last updated Nov 15, 2024
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MLS# 71024059476 —
The Building
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Year Built:1920
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Construction Materials:Aluminum
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Roof Material:Metal
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# of Units Total:2
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:From I-196, take the Fuller exit, right on Fuller, left on Michigan, right on Alten, left on Lyon to address.
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Directions From North South Detail:Wallinwood & Alten
The Property
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Property Type:Multifamily
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Parcel Number:41428101037
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Lot Size Dimensions:112 x 140
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Lot Size Area:0.36
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Frontage Feet:112
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Waterfront:No
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Road Frontage Type:Paved, Pub. Sidewalk
Listing Agent
- Contact info:
- Agent phone:
- (616) 566-5783
- Office phone:
- (616) 355-3737
Taxes
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Total Taxes:$6,295
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Tax Amount Summer:$6,295
The Listing
Heating & Cooling
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Cooling:Wall Unit(s)
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Heating:Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
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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:5
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MF Parking:Garages, Paved
Extra Units
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Unit Count:12
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Unit Two Bed Number Of:2
IDX provided courtesy of Realcomp II Ltd., via Estately and West Michigan Lakeshore Association of REALTORS®, © 2024 Realcomp II Ltd. Shareholders
Five Star Real Estate Lakeshore LLC
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.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
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
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/14/24
Nov 14, 2024
|
Listed / Active | REALCOMP | $369,500 | 12.5% |
12/29/23
Dec 29, 2023
|
REALCOMP | $328,500 | -4.8% | |
11/10/23
Nov 10, 2023
|
REALCOMP | $344,900 |