Turnkey Duplex with Rental
For Sale
$495,000
418 56th St SE, Kentwood, MI 49548
Meticulously renovated duplex generating income, ideal for investors or owner-occupants.
Property SizeContact for details
Days on Market131
Property Features for 418 56th St SE
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,209
Building Details
Year Built
1968
Units
2
Listing Agency:
eXp Realty LLC
(616) 570-4188
Listed By:
Filloreta Balaj-Elezi · License #6501422619
(616) 570-4188
Source:
Elliman
Added: Apr 15
Changed: Aug 13
Last Checked: Aug 22 at 12:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Investment Insights
Based on property information with market context.
This meticulously cared for duplex features expert craftsmanship and quality finishes throughout both units. As a turnkey investment, it is already generating $2,300 per month in rental income from one occupied unit. Each identical unit features 3 bedrooms and 1 bathroom and was completely renovated in 2023 from top to bottom. Renovations include new windows, new flooring, new stainless steel appliances, new lighting and plumbing fixtures, a freshly painted interior and exterior, and updated mechanicals. The property is move-in ready and designed to attract and retain quality tenants. It is located in Kentwood, Michigan. The property is suitable for living in one unit and renting the other, or adding a fully stabilized asset to a rental portfolio, delivering immediate cash flow and long-term value.
Key Highlights
- Turnkey duplex generating $2,300/month rental income from one unit.
- Both 3‑bedroom, 1‑bathroom units completely renovated in 2023.
- New windows, flooring, stainless steel appliances, lighting, and plumbing fixtures.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 49548, MI
34,741
Population
13,174
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
86%
High-School Grad
10.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$62,218
Median Household Income
$35,831
Median Earnings
$1,129
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Meticulously renovated duplex generating income, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 418 56th St SE Kentwood, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Turnkey duplex generating $2,300/month rental income from one unit.; Both 3‑bedroom, 1‑bathroom units completely renovated in 2023.; New windows, flooring, stainless steel appliances, lighting, and plumbing fixtures.
