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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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918 Martin Luther King Junior St SE , Grand Rapids, MI 49507
$265,000
Est. Payment: $588.89/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 13
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House Description

Excellent investment opportunity in Grand Rapids! This classic up/down duplex features two spacious 2-bed, 1-bath units, each showcasing original hardwood floors, beautiful oak trim and coving that highlight the home's timeless character. Modern vinyl double-pane windows provide efficiency & functionality, whilst the vinyl siding is maintenance free. Both units are tenant occupied and currently rent for $1,130 & $1,095 per month, offering excellent upside potential with comparable 2-bedroom units renting for approximately $1,400 per month. Conveniently located just 2 mins from the new MLK Community Center featuring a swimming pool, tennis courts, pickleball courts, basketball courts and year-round community amenities, making this an attractive location for both tenants and owner. 2 mins from Wealthy St, 4 to Eastown, 10 to Downtown.

Highlights

Listed by Paul Leason , 616-717-1901 Berkshire Hathaway HomeServices Michigan Real Estate (South) , 616-554-7277.

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1926

County

Kent

School District

Grand Rapids

Listing ID

26040058

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Full

Exterior Features

Lot:Sidewalk
Garage Capacity:2
Roof:Composition
Principal Interest
$589
Taxes
$289

Home Price

$265,000

Loan Details

30 yrs
%

Down Payment

20%
$53,000
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Monthly Price:
$588.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $588.89 $289.17 $0.00 $878.06
Yearly $7,066.67 $3,470.00 $0.00 $10,536.67
Total $212,000.00 $104,100.00 $0.00 $316,100.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.