909 Spencer Street NE, Grand Rapids, MI 49505

$425,000 - Sold

Listed By:
Anthony L Lewis
616-262-9581

RE/MAX of Grand Rapids (FH)
616-957-0700

http://www.remax-grandrapidsmi.com/

Water Features: None
Utilities Attached: Electricity Connected,Natural Gas Connected
Utilities Available at Street: Broadband,Cable Available,Electricity Available,Natural Gas Available,Phone Available,Public Sewer,Public Water,Storm Sewer
Extras: Sep Electric Meter,Sep Gas Meter
Lot Description: Level,Sidewalk
Frontage/Type: 54 / Street, 0 / Water
Terms: Cash, Conventional, FHA
Original Price: $525,000
Complex Name:
Association Amenities:
Association Includes:
Directions: N off of Leonard to Spencer to home

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