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418-420 56th St SE, Grand Rapids, MI, 49548

$450,000

Home List Price

$5,344*

Closing Credit

0 Baths
Multi

Location

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418-420 56th St SE, Grand Rapids$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1968
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
MLS #65024055225
Lot Size0.26 Acres
StatusActive

About 418-420 56th St SE

Incredible investment opportunity! These thoughtfully designed units each offer 3 generous bedrooms and a full bathroom. Recently renovated, they showcase a host of modern upgrades, including energy-efficient windows and new flooring. Stainless steel appliances enhance the kitchen, while the newer lighting and plumbing fixtures add a fresh and inviting ambiance. Unit 418 is currently vacant, allowing for immediate rental potential, while unit 420 is occupied, ensuring steady cash flow from day one. Seize this chance to invest in a property that combines modern comfort with lucrative possibilities! Buyer or buyers agent responsible for verifying all information.

Property Details

Property Features

Property Information:

  • Year Built: 1968

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Filloreta Balaj-Elezi

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: US-131 to 54th, E on 54th, S on Division, E on Nancy, N on Madison, W on 56th to duplex on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

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Grand Rapids, MI

City

Med. Sold Price

$309.8K

Med. Price/SqFt

$232

Avg. Days On Market

20

# of Sold Homes

301

418-420 56th St SE vs Grand Rapids

35 DAYS ON ROCKET

+15 Days

$450,000

+$140.1K More

KEY TAKEAWAY

This property is $140.1K more than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024055225

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Filloreta Balaj-Elezi

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-876173
4
/10

  • Glenwood Elementary School

  • 912 Silverleaf St SE

  • 0.27 miles

  • Public District Grades KG-5

school-card-donut-876174
4
/10

  • Meadowlawn Elementary School

  • 4939 Burgis Ave SE

  • 0.92 miles

  • Public District Grades KG-5

school-card-donut-876175
5
/10

  • Townline Elementary School

  • 100 60th St SE

  • 0.94 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,439. The majority of Grand Rapids, MI residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Grand Rapids, MI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Grand Rapids, MI?

The housing landscape in Grand Rapids is diverse, with single-family homes making up a significant portion of the market, reflecting a mix of modern and traditional architectural styles. Apartments and townhouses are also available, providing options for various living preferences. The majority of homes were constructed during a period of growth from the late 20th century into the early 21st century. The homeownership rate in Grand Rapids is robust, with a substantial majority of residents owning their homes.

Is Grand Rapids, MI a good place to live?

Grand Rapids prides itself on a vibrant cultural scene and a strong sense of community. The city is celebrated for its annual art competitions and festivals that showcase local talent and foster a sense of togetherness. The downtown area is particularly known for its dynamic atmosphere and the presence of historic buildings that add to the city's character.

Are things conveniently located in Grand Rapids, MI?

Residents of Grand Rapids benefit from a well-rounded array of services. The educational system includes numerous public and private schools, catering to a range of educational needs and preferences. Healthcare is well-supported by local hospitals and clinics offering a variety of services from emergency care to specialized treatments. The city also features a network of public libraries and a variety of retail and dining options that reflect the local culture. Efforts are continually made to adapt and improve these services to meet the evolving needs of the community.

What does the transportation in Grand Rapids, MI look like?

Transportation in Grand Rapids is facilitated by a network of roads and highways that connect the city to surrounding areas, as well as public transit options that serve the community. While specific ride-share services are available, the city also emphasizes walkability, particularly in the downtown area. Public transportation operates on a set schedule, providing consistent service for residents. Recent initiatives aim to enhance the efficiency and accessibility of the transportation system, making commuting and travel easier for everyone.

Rocket Homes›Michigan›Kent County›Grand Rapids›49548›418-420 56th St SE

This home is located at 418-420 56th St SE in Grand Rapids, MI and zip code 49548. This home, which was built in 1968, sits on a 0.26 acre lot. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $450,000.

Over 114 listings were sold over their listed price in October 2024 in Grand Rapids, MI. In the same period over 124 listings were sold below the listed price and 62 listings were sold for the listed price. In October 2024 in Grand Rapids, MI there were 8.6% more homes for sale than in September 2024. In October 2024, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $309,869.

From Rocket Homes Real Estate and based on county public records data.

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