909, Spencer, Grand Rapids, MI, 49505
Basics
- Date added: Added 3 months ago
- Category: Multi-Family
- Type: 2 to 4 Units
- Status: Active
- Bathrooms: 0
- Lot size: 0.24 sq ft
- Year built: 1936
- Lot Size Acres: 0.24 acres
- County: Kent
- MLS ID: 24043407
Description
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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. 2 newer furnaces- 3 years. 4 new water heaters. Lots of laminate flooring, building + units all show nice. Lowe current rents, however 3 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 2021 left vacant for showings was $650-700 last tenant was 8 yrs. 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
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Location
- Directions: N off of Leonard to Spencer to home
Building Details
- Number Of Units Total: 4
- Construction Materials: Block, Concrete, Vinyl Siding
- Sewer: Public Sewer
- Heating: Forced Air
- Roof: Composition, Metal
- Number Of Buildings: 1
- Basement: Slab
Amenities & Features
- Parking Total: 8
- Laundry Features: None
- Utilities: Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer, Broadband
- Parking Features: Paved
- Lot Features: Level, Sidewalk
- Fireplaces Total: 1
- Cooling: None
Fees & Taxes
- Tax Assessed Value: $76,782
- Tax Year: 2024
- Tax Annual Amount: $3,976
- Insurance Expense: $1,349
School Information
- High School District: Grand Rapids
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Emerald & Houseman NE
- Owner Pays: Trash Collection, Water, Sewer
- Listing Terms: FHA, Cash, Conventional
- Tenant Pays: Gas
