$1,455,000
$1,495,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1129 Lyon NE Street Grand Rapids, MI 49503
0.61 Acres Lot
Key Details
Sold Price $1,455,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 24059440
Sold Date 05/02/25
Year Built 1961
Annual Tax Amount $23,581
Tax Year 2024
Lot Size 0.611 Acres
Acres 0.61
Lot Dimensions 110 x 243
Property Sub-Type 5+ Units
Property Description
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!
Location
State MI
County Kent
Area Grand Rapids - G
Direction Between Michigan and Fulton. West off Fuller on Lyon.
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 2
Laundry In Unit
Exterior
Parking Features Paved
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
View Y/N No
Street Surface Paved
Total Parking Spaces 16
Building
Lot Description Level
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-29-130-031
Acceptable Financing Cash
Listing Terms Cash
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Bought with City2Shore Real Estate Holland