$125,000
701 Martin Luther King Jr Street SE
Grand Rapids, MI 49507
MLS# 26022167
Status: Sold
4 beds  |  1 baths  |  1164 sqft


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Property Description
Affordable 4-bedroom home in a great location with an excellent rental history and strong income-producing potential. This turn-key property has a tenant already in place, making it a great investment opportunity from day one. Opportunity to build equity while generating income. Ideal as a rental property or a starter home for a future homeowner. Seller instructs Listing Agent/Broker that Seller will not review any offers until Monday May 18th at 6:00pm.

Details
Maps
Location & Property Info
Cross Streets: Henry
Property Sub-Type: Single Family Residence
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 115.98
Ownership Type: Private Owned
General Property Info
New Construction: No
Lot Dimensions: 49 x 60
Road Frontage: 49
Garage Y/N: No
Fireplace: No
Waterfront: No
Income Property: Yes
Basement: Yes
Total Rooms AG: 6
Total Fin SqFt All Levels: 1164
SqFt Above Grade: 1164
Below Grade Finished SqFt: 0
Below Grade Unfinished SqFt: 772
Building Total SqFt: 1164
Total Beds Above Grade: 4
Main Level Primary: Yes
Stories: 2
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 2940
Year Built: 1890
Total Bedrooms: 4
Full Baths: 1
Total Baths: 1
Tax Info
Taxable Value: 24575
SEV: 74900
For Tax Year: 2026
Seller's Annual Property Tax: 1317
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: none
Zoning: Residential
Tax ID #: 41-14-31-283-004
Remarks & Misc
Public Remarks: Affordable 4-bedroom home in a great location with an excellent rental history and strong income-producing potential. This turn-key property has a tenant already in place, making it a great investment opportunity from day one. Opportunity to build equity while generating income. Ideal as a rental property or a starter home for a future homeowner. Seller instructs Listing Agent/Broker that Seller will not review any offers until Monday May 18th at 6:00pm.
Legal: S 60 FT OF LOT 25* GRAND RAPIDS HOMESTEAD ASSOCIATION S SUBDIVISION* OF A PART OF REMINGTON S ADDITION
Status Change Info
Sold Price/SqFt: 107.39
Under Contract Date: 2026-05-18
Sold Date: 2026-05-29
Sold Price: $125,000
Waterfront Options
Water Access Y/N: No
Lot Description
Corner Lot: 1
Street Type
Paved: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Main Level: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Upper Rooms
Upper Bedrooms: 2
Upper Level Square Feet: 392
Total Baths Above Grade: 1
Main Rooms
Main Bedrooms: 2
Main Full Baths: 1
Main Level SQFT: 772
Lower Rooms
Lower Finished SQFT: 0
Total Lower SQFT: 0
Basement Rooms
Basement Finished SQFT: 0
Total Basement SQFT: 772
Driveway
None: 1
Substructure
Michigan Basement: 1
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Water Heater
Natural Gas: 1
Architectural Style
Traditional: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 701
Street Name: Martin Luther King Jr
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1306
OfficeContract Info
Status: Sold
List Price: $135,000
Current Price: $125,000
Listing Date: 2026-05-14
Remarks Misc
Directions: Division to MLK, East to home.
Property Features
Laundry Features: Main Level
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Corner Lot
Sewer: Public Sewer
Water: Public
Utilities Attached: Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available
Appliances: Dryer; Range; Refrigerator; Washer
Heat Source: Natural Gas
Heat Type: Forced Air
Water Heater: Natural Gas
Architectural Style: Traditional
Driveway: None
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Room Information
Room Name Level
Living RoomMain
KitchenMain
Primary BedroomMain
Bedroom 2Main
Bedroom 3Upper
Bedroom 4Upper

IDX
Listing Office: RE/MAX SunQuest Realty
Listing Agent: Rui M DeOliveira

Last Updated: June - 06 - 2026

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.