NOT LISTED FOR SALE

1015 Martin Luther King Junior St SE Grand Rapids, MI 49507

Baxter Neighborhood

Estimated Value: $252,000 - $273,727

-- Bed
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold May 04, 2023

Last sale price $232,000

Est. 14% increase in value since last sale

Current estimated payment $1,901/month

6 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2023

Large, cash flowing 2-unit fully occupied with good tenants!! Both units are identical 3BR/1BA. Newer furnaces in both units. Currently rented for a total of $2875 /mo. Separate utilities. Tenants pay electric/gas/trash. Both units are section 8. No delinquencies. Upper unit lease ends May 31st, 2023 and the lower unit lease ends June 30th, 2023. Full recent inspection report, leases, rent rolls, and expenses provided in attached documents. Looking for non-contingent offers (no inspections). Seller to make no repairs. Current city rental certificate good through 6/21/2026. **Offers due by Monday 3rd at 12 noon**

Can buy as a package with another 2-unit. Address is 1305 Ford NE, Grand Rapids, MI. MLS # 23009013.

Seller is a licensed real estate agent

Last Agent to Sell the Property

Tyler Johnson

Key Realty Listed on: 03/28/2023

Last Buyer's Agent

Olivia Eerdmans

Icon Realty Group LLC License #6501440897

Icon Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,405

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 45x126

Home Design

  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $2,875

Listing and Financial Details

  • Tenant pays for electric, trash collection, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,405

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45x126
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5405.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 225000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 45x126
  • Lot Size Sq Ft: 6098.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Trash Collection, Gas

Multi Family

  • Gross Income: 2875.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5405.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2020
Sold by
Lovelace Nicholas W
Bought by
River City Properties Llc
Current Estimated Value
$263,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,525
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 9, 2015
Sold by
Messing Robert P and Messing Judith Frances
Bought by
Lovelace Nicholas

Purchase Details

Closed on
Jul 27, 2000
Bought by
Messing Robert and Messing Judith

Purchase Details

Closed on
Jul 25, 2000
Sold by
Bkrs Ts and Bkrs Messing R
Bought by
Messing Robert P Judith Frances

Purchase Details

Closed on
Jun 1, 1995
Sold by
Gilbert Gilbert B B and Gilbert Malone A
Bought by
Messing Malone A and Messing Robert P Judith France

Purchase Details

Closed on
Apr 15, 1993
Sold by
Gilbert Gilbert B B and Gilbert Malone A
Bought by
Messing Robert P Judith Frances

Purchase Details

Closed on
Nov 14, 1991

Purchase Details

Closed on
Apr 16, 1986

Purchase Details

Closed on
Oct 11, 1984

Purchase Details

Closed on
Jul 16, 1984

Purchase Details

Closed on
Apr 20, 1983
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
River City Properties Llc $404,700 None Available
Lovelace Nicholas $51,000 None Available
Messing Robert $27,000 --
Messing Robert P Judith Frances $27,000 --
Messing Malone A $19,900 --
Messing Robert P Judith Frances -- --
-- -- --
-- $28,500 --
-- $13,100 --
-- $100 --
-- $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open River City Properties Llc $10,000
Open River City Properties $2,216,250
Previous Owner River City Properties Llc $453,525
Previous Owner Lovelace Nicholas W $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2023 05/04/23 Sold $232,000 +3.1% --
04/03/2023 04/03/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $225,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,583 $125,100 $0 $0
2024 $5,583 $111,900 $0 $0
2023 $4,159 $98,900 $0 $0
2022 $5,199 $82,000 $0 $0
2021 $3,945 $73,800 $0 $0
2020 $2,001 $62,400 $0 $0
2019 $1,986 $51,400 $0 $0
2018 $1,986 $43,300 $0 $0
2017 $1,938 $36,400 $0 $0
2016 $1,947 $32,300 $0 $0
2015 $1,157 $32,300 $0 $0
2013 -- $34,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tyler Johnson

    Key Realty

  • O

    Buyer's Agent in 2023

    Olivia Eerdmans

    Icon Realty Group LLC

    (616) 430-5568

    1 in this area

    58 Total Sales

    Olivia Eerdmans
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23009011

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-182-028

Michigan Kent County Grand Rapids 49506 Baxter

1015 Martin Luther King Junior St SE, Grand Rapids, MI

This home is located at 1015 Martin Luther King Junior St SE, Grand Rapids, MI 49507 since 28 March 2023 and is currently estimated at $263,682. This property was built in 1920. 1015 Martin Luther King Junior St SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, Alger Middle School, and Ottawa Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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