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    1008 Adams St SE Grand Rapids, MI 49507

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    For Sale
    $229,900

    Two-unit rental property with several improvements, great investment opportunity.

    Lot size:
    0.12 Acres

    Property Features for 1008 Adams St SE

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1920

    Source: Key Realty Agent Michelle N Grypma

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

    Overview

    Two-Unit Rental Property Investment

    This two-unit rental property presents a potential investment opportunity, featuring several improvements. The upper unit includes new windows, a new bathroom, and updated plumbing. Both units benefit from new flooring, new appliances, upgraded electrical service to 200 amp, and new electric water heaters. Additional improvements include new soffit over the porch, new furnaces and ductwork. A three-car concrete parking pad is also present. The first-floor tenant has been renting for 10 years. Possession is at close, subject to tenants' rights.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.64368
    Latitude
    42.937855

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    FAQs

    What type of property is this?
    Duplex - Two-unit rental property with several improvements, great investment opportunity.
    Where is this duplex located?
    The property is located at 1008 Adams St SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Fully renovated upper unit with new windows, flooring, appliances, bathroom, and plumbing.; - New furnaces and ductwork ensure efficient heating.; - Upgraded 200 amp electrical service for both units.
    (616) 822-3346
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    1008 Adams St SE Grand Rapids, MI 49507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 Adams St SE Grand Rapids, MI 49507
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