909 Spencer Street NE Grand Rapids MI 49505 MLS #24043407

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