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  • $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

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    $1,825/mo

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    $2,512/mo

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    What's special

    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.

    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#: 24020739MLS Logo

    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