909 Spencer Street NE, Grand Rapids, MI 49505 (MLS # 24043407)

PRICE	$449,900
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	10,455 sqft

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

DAYS ON MARKET	128	LAST UPDATED	10/28/2024
YEAR BUILT	1936	COMMUNITY	Grand Rapids - G
COUNTY	Kent	STATUS	Active
PROPERTY TYPE(S)	Multi Family

PRICE HISTORY
Prior to Aug 26, '24	$525,000
Aug 26, '24 - Sep 17, '24	$499,900
Sep 17, '24 - Oct 22, '24	$485,000
Oct 22, '24 - Oct 28, '24	$465,000
Oct 28, '24 - Today	$449,900

ADDITIONAL DETAILS
AIR	None
AREA	Grand Rapids - G
CONSTRUCTION	Block, Concrete, Vinyl Siding
FIREPLACE	Yes
HEAT	Forced Air, Natural Gas
LOT	10454 sq ft
LOT DESCRIPTION	Level
LOT DIMENSIONS	54x195
PARKING	Paved
SEWER	Public Sewer
TAXES	3976
UTILITIES	Natural Gas Available, Phone Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available
ZONING	MCN

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Listing provided by RE/MAX of Grand Rapids (FH), Anthony L Lewis

Updated 12/24/24 10:46 PM PST

Information Deemed Reliable But Not Guaranteed.

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