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

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Corbin Gearhart

corbin@fullcircleregroup.com +1(517) 282-7166

$ 449,900

Est. payment -/mo

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Price Dropped by $15K

909 Spencer Street NE Grand Rapids, MI 49505

4 Beds

10,454 Sqft Lot

UPDATED:

11/12/2024 02:02 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024043407

Bedrooms 4

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1936

Annual Tax Amount $3,976

Lot Size 10,454 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

Location

State MI

County Kent

Area Grand Rapids

Zoning Other

Direction N off of Leonard to Spencer to home

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 8.0

Waterfront no

Roof Type Composition,Metal

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain

Water Public (Municipal), Water at Street

Structure Type Block/Concrete/Masonry,Vinyl

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411417302037

Ownership Private Owned

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Listed by Anthony L Lewis of RE/MAX of Grand Rapids (FH)

Corbin Gearhart

+1(517) 282-7166

Corbin Gearhart

909 Spencer Street NE Grand Rapids, MI 49505

Key Details

Location

Interior

Exterior

Building

Schools

Others

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909 Spencer Street NE