1615 Lyon Street NE
GrandRapids, 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!
Last checked:
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Last updated Dec 22, 2024
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MLS# 71024059476 —
The Building
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Year Built:1920
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Construction Materials:AluminumSiding
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Roof:Metal
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Basement:Partial
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Basement:true
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Building Area Total:1724.0
Interior
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Laundry Features:InUnit, WasherHookup
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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Cross Street:Wallinwood & Alten
The Property
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Parcel Number:41428101037
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Features:Level
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Lot Size Acres:0.36
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Lot Size Area:15682.0
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Lot Size Dimensions:112 x 140
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Lot Size Units:SquareFeet
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Road Frontage Feet:112
Listing Agent
- Contact info:
- Agent phone:
- (616) 566-5783
- Office phone:
- (616) 355-3737
Taxes
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Tax Legal Description:PART OF NW 1/4 OF* SEC 28 T7N R11W* COM ON N LINE LYON ST 145 FT E OF W LINE SD SEC TH E ALONG N LINE LYON ST 112 FT TH N PAR WITH W LINE SD SEC 140 FT TH W PAR N LINE LYON ST 112 FT TH S 140 FT TO BEG
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Tax Assessed Value:169100
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Tax Annual Amount:6295.0
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/wmlar/24059476
Heating & Cooling
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Heating:HotWater, NaturalGas
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Heating:true
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Cooling:WallUnits
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Cooling:true
Utilities
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Utilities:SewerConnected
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Sewer:PublicSewer, SewerAtStreet, StormDrain
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Water Source:Public, WateratStreet
Schools
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High School District:GrandRapids
The Community
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Community Features:Sidewalks
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Waterfront:false
Parking
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Parking Total:5.0
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Parking Features:Garage, Paved
IDX provided courtesy of Realcomp II Ltd., via Estately and West Michigan Lakeshore Association 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.
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 |
|---|---|---|---|---|
|
12/12/24
Dec 12, 2024
|
Price Changed | REALCOMP | $354,500 | -4.1% |
|
11/27/24
Nov 27, 2024
|
Listed / Active | REALCOMP | $369,500 | 164.1% (33.7% / YR) |
|
1/17/20
Jan 17, 2020
|
REALCOMP | $139,900 |
