909 Spencer NE Street Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49505
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. 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 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
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
Parking Type 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