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West Side Duplex For Sale
For Sale
$114,900

1504 Lyons St, Mount Pleasant, MI 48858

Two-story duplex in Mt. Pleasant with tenant-paid utilities.

Property Size770 SF
Lot Size0.14 Acres
Days on Market220

Property Features for 1504 Lyons St

General Information

Standard status Active
Size 770 SF
Lot size 0.14 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $2,451

Building Details

Building Size 770 SF
Year Built 1940
Units 2
Listing Agency: BOERMA REALTY, LLC
Listed By: Randy Golden
Source: Elliman
Added: Mar 11 Changed: Oct 6 Last Checked: Oct 15 at 12:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BOERMA REALTY, LLC

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Investment Insights

Based on property information with market context.

This two-story duplex is located on the west side of Mt. Pleasant. The property features two units, one upstairs and one downstairs. Each unit includes two bedrooms and one bathroom. The property is currently rented, generating a gross monthly income of $1,400. Tenants are responsible for paying all utilities. The location is within walking distance of both elementary and middle schools.

Key Highlights

  • Duplex Property: Features two separate units, offering immediate rental income potential.
  • Income Producing: Currently generating $1,400 in gross monthly rental income.
  • Tenant Paid Utilities: Tenants are responsible for covering all utility expenses.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Dental Office Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

144
Businesses Nearby

Demographics for 48858, MI

41,844
Population
19,396
Households
2.2
Avg Household Size
30
Median Age
37%
College-Educated
93%
High-School Grad
174.4 sq mi
ZIP Area
240
Density / Sq Mi
$48,794
Median Household Income
$22,775
Median Earnings
$862
Median Rent
$168,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-story duplex in Mt. Pleasant with tenant-paid utilities.
Where is this duplex located?
The property is located at 1504 Lyons St Mount Pleasant, MI.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Duplex Property: Features two separate units, offering immediate rental income potential.; Income Producing: Currently generating $1,400 in gross monthly rental income.; Tenant Paid Utilities: Tenants are responsible for covering all utility expenses.
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