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1053 Martin Luther King Jr St SE Grand Rapids, MI 49507

For Sale
$379,900

Three-unit property with updates near downtown Grand Rapids.

Lot size:
0.12 Acres

Property Features for 1053 Martin Luther King Jr St SE

General Information

Lot size
0.12 Acres

Building Details

Year built
1922

Source: Smallegan Real Estate Agent James Hocking

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Grand Rapids Triplex Investment Opportunity

This three-unit property is located in Grand Rapids. It features a spacious main-floor two-bedroom unit with 1920s character, two one-bedroom upper units, and a non-conforming studio in the basement with a full bath. Recent updates include new high-efficiency A/C units, fresh interior paint, new toilets in all units, plumbing improvements, and a remodeled front porch with lighting, outlets, and refinished flooring. The basement also offers a new water heater, laundry, and additional storage. Exterior improvements include Ring security cameras, a new back entrance door, and a two-to-three car concrete parking pad. Two of the three main units are vacant, while the seller occupies the main floor and will vacate prior to closing. It is conveniently located near downtown, public transit, and neighborhood amenities. This property presents an ideal setup for house-hacking or repositioning for market-rate rents and represents a solid investment opportunity.
Location Intelligence

Current Use by Public Records

Triplexes

Map

City
Grand Rapids
County
Kent
State
Michigan
Longitude
-85.656
Latitude
42.931

FAQs

What type of property is this?
Triplex - Three-unit property with updates near downtown Grand Rapids.
Where is this triplex located?
The property is located at 1053 Martin Luther King Jr St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: - Ideal for house-hacking or repositioning for market-rate rents due to two vacant units and seller vacating main floor.; - Solid investment opportunity with 3 units plus a non-conforming basement studio.; - Recent updates including new high-efficiency A/C units, fresh paint, new toilets, plumbing improvements, and a remodeled front porch.
More about this property
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