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1129 Lyon St NE, Grand Rapids, MI, 49503

$1,550,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1129 Lyon St NE, Grand Rapids$1,550,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1961
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
MLS #65024059440
Lot Size0.61 Acres
StatusActive

About 1129 Lyon St NE

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!

Property Details

Property Features

Property Information:

  • Year Built: 1961

Listing Office:

  • Office Name: EXP Realty (Grand Rapids)
  • Office Phone: (616) 901-3620
  • Listing Agent: Ryan Ogle

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility

Exterior Features

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.61 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Between Michigan and Fulton. West off Fuller on Lyon.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,550,000

Tax Information:

  • Annual Amount: $6,996
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

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Grand Rapids, MI

City

Med. Sold Price

$309.8K

Med. Price/SqFt

$232

Avg. Days On Market

20

# of Sold Homes

301

1129 Lyon St NE vs Grand Rapids

1 DAY ON ROCKET

-19 Days

$1,550,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024059440

Listing Office:

  • Office Name: EXP Realty (Grand Rapids)
  • Office Phone: (616) 901-3620
  • Listing Agent: Ryan Ogle

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 18, 2003Home Sold
$468,000
May 18, 2001Home Sold
$272,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,996$204,000
2020$6,996$204,000
2019$6,616$159,600
2018$6,542$150,000
2017$6,233$136,800

History based on county public records data.

Payment Calculator

$7,803

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,713

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-20842
3
/10

  • William C Abney Academy Elementary School

  • 1435 Fulton St E

  • 0.40 miles

  • Public Charter Grades KG-6

school-card-donut-20843
6
/10

  • Congress Elementary School

  • 940 Baldwin St SE

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-20844
1
/10

  • Campus Elementary School

  • 710 Benjamin Ave SE

  • 1.22 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,426. Residents of Grand Rapids, MI typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49503›1129 Lyon St NE

This home is located at 1129 Lyon St NE in Grand Rapids, MI and zip code 49503 in the Midtown neighborhood. This home, which was built in 1961, sits on a 0.61 acre lot. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $1,550,000.

In October 2024 more than 114 listings in Grand Rapids, MI were sold above the asking price. During the same period more than 62 listings were sold at asking price, while more than 124 were sold below. The inventory of homes for sale in Grand Rapids, MI between September 2024 and October 2024 increased by 8.6%. While the average time on the market in October 2024 was 20 days, the median list price was $309,869.

From Rocket Homes Real Estate and based on county public records data.

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