418 56th Street
Kentwood, MI 49548

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Description

Welcome to 418-420 56th St -- a meticulously cared for duplex offering expert craftsmanship and quality finishes throughout both units. This turnkey investment is already generating $2,300/month in rental income from one occupied unit, with the second unit available for showing upon accepted offer. Each identical 3-bedroom, 1-bathroom unit was completely renovated in 2023 from top to bottom, featuring new windows, new flooring throughout, new stainless steel appliances, new lighting and plumbing fixtures, a freshly painted interior and exterior, and updated mechanicals. No deferred maintenance here -- just move-in ready spaces designed to attract and retain quality tenants. Whether you are looking to live in one unit and rent the other, or add a fully stabilized asset to your rental portfolio, this property delivers immediate cash flow and long-term value. Opportunities like this don't last -- schedule your private showing today!

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49548
• Year Built: 1968
• School District: Kentwood
• Units: 2 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 2
• Lot Size: 11108 sq ft lot
• Construction Materials: Aluminum Siding, Brick
• Cooling: Central Air
• Cross Street: 56th and Madison
• Directions: GPS
• Driveway: Concrete
• Extras: Laundry Facility, Sep Electric Meter, Sep Gas Meter
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Size Area: 0.26
• Lot Size Square Feet: 11108
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Water
• Parcel Number: 41-18-31-401-002
• Parking Features: Concrete
• Possession: Subject To Tenant Rights
• Road Frontage: 89
• Roof: Composition
• SEV: 199600
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDEzNTE4IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTEwVDE2OjAzOjE1LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.2mp7E9fgEMxLKUQ_Ep3vjzs4XMDQKMCmasr-JYX01nc/badge
• Spec Assessment Ty: None Known
• Street Type: Public
• Tax Annual Amount: 6209
• Tax Legal Description: LOT 2 ALSO W 16 FT OF LOT 3 * PINECREST PLAT
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Trash Collection
• Terms Available: Cash, Conventional, FHA, VA Loan
• Total Approx Sq Ft All Bldgs: 1664
• Township: City of Kentwood
• Util Availat Street: Cable Available
• Utilities: Natural Gas Connected, Electricity Connected, Cable Available
• Water Source: Public Water
• Zoning Description: R2