909 Spencer Street NE
Grand Rapids, MI 49505
0.24 acres | #24043407
Description
Great opportunity! 4 units that has been flawlessly maintained by retiring owner for over 40 years. Metal roof on front 7-8 years old. 2 newer furnaces- 3 years. 4 new water heaters. Lots of laminate flooring, building + units all show nice. Low current rents, however all units have leases up soon. Projected market rents of $4700. Unit 1 could be 2 br = $1,200, #2 1 br = $1,000, #3 1 br = $1,000, #4 could be 3 br = $1,500. Separate gas + electric. Parking lot recently repaved w/8 spots. Fenced back yard 195' lot. City compliance thru 7/29/25. Many new windows. Unit 1 (to left main entrance) lr, kit, ea, br, ba, br, mud room, mechanicals, both brs have WIC, walk in pantry, new windows 2024, updated ba, vaulted ceilings. $700/mo m2m. Unit 2 1st floor back, lr,kit, ea, 1 br, ba, furnace 2021 left vacant for showings was $650-700 last tenant was 8 yrs. Unit 3 1st on right Lr, kit, ea, br, ba, play area $800 1 yr lease exp 8/31/24 section 8 Unit 4 up lr, lg kit, br w/wic, dormer br $800 lease exp 10/31/24
Property Details
- Lot DescriptionLevel, Sidewalk
Measurements
- Acres0.24
Construction Details
- Property TypeMulti-Family
- BasementSlab
Condition
- Year Built1936
Utilities / Energy Details
- Utility FeaturesPhone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Co
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- School DistrictGrand Rapids
- CountyKent
Financial Details
- Original List Price$525,000
- Days on Market (Cumulative)31
Other
- MLS #24043407
Location
Legal
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Last Updated: . Source: MichRIC
Listing Courtesy
Listing Agent: Anthony L Lewis (#glewi2573)
Listing Office: RE/MAX of Grand Rapids (FH) (#g128201)
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