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909 Spencer Street NE, Grand Rapids, MI 49505

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For Sale

$485,000

0.24 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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. 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 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
MLS# 24043407

Courtesy Of RE/MAX of Grand Rapids
5751 Byron Center Avenue Sw, Wyoming, MI 49519
(616) 957-0700

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Block, Concrete, Vinyl Siding
  • Heating System
    Forced Air
  • Lot Size
    0.24 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 909 Spencer Street NE, Grand Rapids, MI 49505

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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