MI > Grand Rapids
Grand Rapids, MI 49505,909 Spencer NE Street
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Grand Rapids, MI 49505,909 Spencer NE Street
Grand Rapids, MI 49505,909 Spencer NE Street
Grand Rapids, MI 49505,909 Spencer NE Street
Grand Rapids, MI 49505,909 Spencer NE Street
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Shannon Prain

Shannon Prain

+1(517) 937-7834
$ 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

Parking Features Paved

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

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)

Shannon Prain

Broker Associate | License ID: 6506046723

+1(517) 937-7834

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909 Spencer NE Street