$218,000
Grand Rapids, MI 49507
MLS# 25058322
Status: Sold
1 / 20
Property Description
Great investment opportunity 2 unit rental property with several improvements. New windows in upper unit, new soffit over porch, new furnaces and ductwork, new flooring in both units, new appliances, upgraded electrical service for both units to 200 amp, new electric water heaters, new bathroom and plumbing in upper unit, 3 car concrete parking pad are just a few of the improvements. Tenant on 1st floor has been renting for 10 years. Possession is at close subject to tenants rights.
Details
Maps
Location Property Info
County: Kent
Street #: 1008
Street Name: Adams
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49507
Zip (4): 1906
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $218,000
List Price: $229,900
Listing Date: 2025-11-14
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5009
Lot Acres: 0.12
Lot Dimensions: 40X125
Year Built: 1920
New Construction: No
Cert of Compliance: Yes
Road Frontage: 40
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1598
Total Parking Spaces: 3
Waterfront: No
School District: Grand Rapids
Association YN: No
Tax Info
Tax ID #: 41-18-05-176-002
Taxable Value: 23883
SEV: 69000
For Tax Year: 2024
Seller's Annual Property Tax: 1272
Tax Year: 2024
Spec Assessment & Ty: N/A
Zoning: RES
Remarks Misc
Directions: W from 1400 block Kalamazoo Ave SE to property
Status Change Info
Under Contract Date: 2025-11-26
Sold Date: 2025-12-12
Sold Price: $218,000
Sold Price/SqFt: 136.42
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 900
Annual Utilities: 1000
Unit 1
Unit #: 1
Unit Description: LR, DR, KIT, 2 BR
SqFt: 700
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: LR, 2 BR, KIT, BTH
SqFt: 730
Occupied: Yes
Monthly Rent: 1250
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available
Owner Pays: Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: None
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Listing Office: Key Realty
Listing Agent: Michelle Grypma
Last Updated: December - 12 - 2025
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