$369,500
1615 Lyon Street NE
Grand Rapids, MI, 49503
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!
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!
Property Details
Price:
$369,500
MLS #:
24059476
Status:
Active
Beds:
0
Baths:
0
Address:
1615 Lyon Street NE
Type:
Single Family
Subtype:
2 to 4 Units
City:
Grand Rapids
Listed Date:
Nov 14, 2024
State:
MI
ZIP:
49503
Lot Size:
15,682 sqft / 0.36 acres (approx)
Year Built:
1920
Schools
School District:
Grand Rapids
Interior
Cooling
Wall Unit(s)
Fireplaces Total
1
Heating
Hot Water
Laundry Features
Electric Dryer Hookup, In Unit, Washer Hookup
Exterior
Construction Materials
Aluminum Siding
Parking Features
Paved
Parking Spots
5
Roof
Metal
Financial
Tax Year
2024
Taxes
$6,295
Mortgage Calculator
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1615 Lyon Street NE
Grand Rapids, MI
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