Homes for sale - 909 Spencer NE Street, Grand Rapids, MI 49505

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Mark Brace

[email protected] +1(616) 447-7025

$ 449,900

Est. payment -/mo

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Price Dropped by $15K

909 Spencer NE Street Grand Rapids, MI 49505

10,542 Sqft Lot

UPDATED:

11/12/2024 02:44 PM

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 24043407

Year Built 1936

Annual Tax Amount $3,976

Tax Year 2024

Lot Size 10,542 Sqft

Acres 0.24

Lot Dimensions 54x195

Property 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, shingled portion replaced November 2024. 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 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 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 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

Location

State MI

County Kent

Area Grand Rapids - G

Direction N off of Leonard to Spencer to home

Rooms

Basement Slab

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Laundry None

Exterior

Garage Paved

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available, Storm Sewer, Broadband

Waterfront No

View Y/N No

Roof Type Composition,Metal

Street Surface Paved

Total Parking Spaces 8

Building

Lot Description Level, Sidewalk

Sewer Public Sewer

Structure Type Block,Concrete,Vinyl Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-17-302-037

Acceptable Financing FHA, Cash, Conventional

Listing Terms FHA, Cash, Conventional

Listed by RE/MAX of Grand Rapids (FH)

Mark Brace

Broker Associate | g6506043184

+1(616) 447-7025

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Grand Rapids, MI

Mark Brace

Mark Brace

909 Spencer NE Street Grand Rapids, MI 49505

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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909 Spencer NE Street