909 Spencer Street NE, Grand Rapids, MI 49505
- $425,000
- Sold Price
- $425,000
- List Price
- $425,000
- Closing Date
- Mar 06, 2025
- Days on Market
- 161
- MLS#
- 24043407
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
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. Unit 2 1st floor back, lr,kit, ea, 1 br, ba, furnace Unit 3 1st on right Lr, kit, ea, br, ba, play area Unit 4 up lr, lg kit, br w/wic, dormer br
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Additional Information
- Owner Pays
- Sewer, Trash Collection, Water
- Taxes
- $3,976
- Acres
- 0.24
- Basement
- Slab
- Heating
- Forced Air
- Roofing
- Composition, Metal
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 8
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
- Water
- Public
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Listing courtesy of Listing Agent: Anthony L Lewis from Listing Office: RE/MAX of Grand Rapids (FH).
Selling Agent: Selling Office: .
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