$ 449,900
909 Spencer Street Grand Rapids, MI 49505-5271
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$ 449,900
Est. payment | /mo
4,147 SqFt
$ 449,900
Est. payment | /mo
4,147 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,147 sqft
Price per Sqft $108
Subdivision Mi
MLS Listing ID 70425861
Year Built 1936
Annual Tax Amount $3,976
Tax Year 2023
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.
Location
State MI
County Kent
Area Grand Rapids (41032)
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Vinyl Siding
Waterfront No
Building
Lot Description Sidewalks
Foundation Slab
Water Public Water
Structure Type Vinyl Siding
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX of Grand Rapids (FH)
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "