Looking for an investment opportunity, or a great place to put your 1031 Exchange? This 2-story, 2 unit Craftsman-style duplex home has a lower unit w/ 3 bedrooms,1 bath, kitchen, & stunning craftsman-style hardwood floors & woodwork throughout. The Upper Apt has 2 bedrooms, kitchen, 1 bath, & two large walk-in closets. Along with its fantastic location, it also has a Large front porch, and relaxing back porch, fenced in area in backyard, and 2 stall garage with off street access. Located just outside of the Heritage Hill area, & Conveniently located within walking distance to GRCC, Medical Mile, Martha's Vineyard & Pizza, Nantucket Bakery, Coffee Shops, Easttown, Fulton St. Farmers Market, & the bus stop is nearby! The large basement is accessible to both units with washer and dryer, and plenty of room for storage. Both units occupied, lower photos are current, and from just before new tenant moved in April 2024. Upper lease is until October 2024. Garage Lease is until Dec 2024.
Sold
$407,000
745 Lyon St NE, Grand Rapids, MI 49503
5beds
2baths
1,866sqft
2 to 4 Units
Built in 1923
-- sqft lot
$404,600 Zestimate®
$218/sqft
$1,825 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 10, 2024 at 02:11pm
Listed by:
Angela L Swartz 616-581-2388,
Childress & Associates Realty
Bought with:
Kimberly J Hermenet, 6501432651
Greenridge Realty (Caledonia)
Source: MichRIC,MLS#: 24020739
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Common Area, In Basement
Features
- Basement: Full
Interior area
- Total interior livable area: 1,866 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 5,227 sqft
- Dimensions: 40 x 125
- Features: Sidewalk
Details
- Parcel number: 411430232027
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick, Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
Community & neighborhood
Location
- Region: Grand Rapids
Other
Other facts
- Listing terms: Cash,Conventional,Tax Def Exchange
- Road surface type: Paved
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$404,600
2% more+$8,092
With Zillow Showcase(estimated)$412,692