507 N 56th Ave W, Duluth, MN

About 507 N 56th Ave W

Solid 5-Bedroom Home + Income Potential | Central Location | FHA Eligible 507 N 56th Ave W., Duluth, MN Well-maintained 5 bedroom, 2 bath home in a highly central location, offering flexibility for both owner-occupants and investors. This property combines solid updates with strong income potential. Property Highlights: • New roof (2023) • Utilities, sheetrock, doors, furnace, electrical & plumbing updated in 2017 • Vinyl windows & vinyl siding • Very solid construction The 2-car garage has been partially converted into a 1-bedroom apartment, creating multiple options: • Owner-occupants can use it for extended family, guests, office/studio, or future rental income • Investors can continue operating it as an income-producing unit Income Details (Current Use): • Home is currently rented furnished, month-to-month • 5 bedrooms at $700/month each • Garage apartment at $800/month • Approx. $4,300/month gross income Whether you’re looking to live in the home with added income, house-hack, or purchase a cash-flowing investment, this property offers strong fundamentals and flexibility.

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