1615 Lyon Street NE, Grand Rapids, MI 49503
- $338,000
- Sold Price
- $338,000
- List Price
- $354,500
- Closing Date
- Jan 31, 2025
- Days on Market
- 50
- MLS#
- 24059476
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
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!
/t.realgeeks.media/thumbnail/XLX9O3uXLQYnE8S_A-Eb4MRjKx4=/fit-in/x50/u.realgeeks.media/pyxisrealty/pyxis-new-2.png)
Additional Information
- Owner Pays
- Gas, Sewer, Water
- Taxes
- $6,295
- Acres
- 0.36
- Basement
- Partial
- Heating
- Hot Water
- Roofing
- Metal
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Trash Collection
- Total Parking Spaces
- 5
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Dawn Van Kampen from Listing Office: West Edge Real Estate LLC.
Selling Agent: Selling Office: .
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .