Grand Rapids, MI 49503 1129 Lyon Street NE
$1,495,000
Pending
24 more
Presented By: Ryan Ogle at EXP Realty (Grand Rapids) - (616) 901-3620
Home Details
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!
Presented By: Ryan Ogle at EXP Realty (Grand Rapids) - (616) 901-3620
Interior Features for 1129 Lyon Street NE
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementFull
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesIn Unit
Total Fireplaces2
Other Rooms
General for 1129 Lyon Street NE
Additional Parcels Y/NNo
Attached Garage No
CityGrand Rapids
Construction MaterialsBrick
CoolingCentral Air
CountyKent
DirectionsBetween Michigan and Fulton. West off Fuller on Lyon.
Electric On Property Y/NNo
HeatingForced Air
High School DistrictGrand Rapids
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPART OF NE 1/4 OF NW 1/4 OF* SEC 29 T7N R11W* COM ON N LINE OF LYON ST 250 FT W OF W LINE OF FULLER AVE TH W ALONG N LINE OF LYON ST 110.4 FT MORE OR LESS TO A PT WHICH IS 261.9 FT E OF E LINE OF J F
Listing TermsCash
Lot Size Square Feet26615.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MobileHomeRemainsYNNo
ModificationTimestamp2025-03-10T22:37:41Z
New ConstructionNo
Number Of Units Total8
Occupancy TypeTenant
OwnerPaysNone
PossessionClose Of Escrow
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount23581.5
Tax Assessed Value421185
Tax Year2024
Tenant PaysElectric, Water, Trash Collection, Sewer, Gas
TownshipCity of Grand Rapids
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
Waterfront Y/NNo
Year Built1961
Zoning DescriptionComm Imp
Exterior for 1129 Lyon Street NE
BuyerOfficeFax616-662-9997
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions110 x 243
Lot FeaturesLevel
Lot Size Acres0.61
Lot Size Area0.61
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesPaved
Road Surface TypePaved
SpaNo
Total Parking16.0
Additional Details
Price History
Shirley Clark
REALTOR
Similar Properties to 1129 Lyon Street NE
Get Pre-Approved Now!
Give yourself a better position in the competitive home buying market. Complete the form to get started on your journey to purchase your dream home. Our lending partner has a wide variety of lending options available and advanced mortgage technology. As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.
We keep your info safe & never share it. View our Terms of Use.
Thomas Fallie
Phone:
(708) 516-3783
License #543277