$224,900
Grand Rapids, MI 49507
MLS# 24026364
Status: Pending
1 / 21
Property Description
**This home qualifies for a $5300 down payment assistance through 5/3 Bank. This is free money to any borrower and can be their primary home or a rental! They can use this money to cover closing costs, buy down the rate, etc** Looking for a lucrative investment opportunity in Grand Rapids? Welcome to 926 M.L.K. Jr. St SE where you can bring in $2,680 /month!! This classic duplex features identical 2 BR's units with hardwood floors throughout. Easy access to local amenities, schools, and parks. Each unit offers its own laundry hookups in the basement with plenty of storage space. Separate utility meters. Tenants pay electric/gas/trash. Unit 1 is leased until Jan. 2025 & Unit 2 is month-to-month. Schedule a showing today and add this cash-flowing 2-unit to your investment portfolio!
Details
Maps
Location & Property Info
County: Kent
Street #: 926
Street Name: Martin Luther King Jr
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1325
Cross Streets: Kalamazoo
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Status: Pending
Current Price: $224,900
List Price: $224,900
Auction or For Sale: For Sale
List Price/SqFt: 99.69
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-05-26
General Property Info
Lot Measurement: Acres
Lot Square Footage: 4879
Lot Acres: 0.11
Lot Dimensions: 37x132
Year Built: 1922
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2025-03-15
Road Frontage: 37
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2256
Total Parking Spaces: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-14-32-303-011
Taxable Value: 71803
SEV: 88300
For Tax Year: 2023
Annual Property Tax: 3951
Tax Year: 2023
Spec Assessment & Ty: None
Zoning: Res.
Remarks & Misc
Directions: East on MLK from Eastern
Legal: W 30 FT OF LOT 7 BLK 9 & E 7 FT OF LOT 6 BLK 9* WINSOR ADDITION
Status Change Info
Under Contract Date: 2024-06-06
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Lower
SqFt: 1128
Occupied: Yes
Monthly Rent: 1350
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Upper
SqFt: 1128
Occupied: Yes
Monthly Rent: 1330
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Gas Dryer Hookup; In Basement; Washer Hookup
Exterior Material: Wood Siding
Substructure: Full
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at Street: Cable; Electric; Natural Gas; Public Sewer; Public Water
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Sale Conditions: None
Unit 1: W/D Hookup
Listing Office: Clear Realty Group
Listing Agent: Tyler Johnson
Last Updated: June - 07 - 2024
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.