Additional details

Allen Team

allenteamsells@gmail.com +1(734) 564-3330

$1,295,000

Est. payment - /mo

12 Beds

8 Baths

6,958 SqFt

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 6,958 sqft

Price per Sqft $186

Subdivision The C Neff Estates Sub

MLS Listing ID 58050211102

Bedrooms 12

Full Baths 6

Half Baths 2

Year Built 1953

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type MultiFamily

Property Description

Exceptional opportunity to acquire four fully updated residential units offered together as one investment property in the heart of highly sought-after Grosse Pointe City. Consisting of four separate residences located at 515, 517, 521, and 523 Neff Road, this unique multi-family offering provides a rare combination of turnkey condition, flexible ownership options, and an unbeatable walkable location. The property includes two distinct building styles. Units 515 and 517 are upper and lower flats, each offering 2 bedrooms, 1 full bathroom, spacious living and dining rooms, eat-in kitchens, balcony/porch space, separate laundry and storage areas in the shared basement, and access to a shared garage. Units 521 and 523 are side-by-side townhomes featuring living rooms with fireplaces, dining rooms, eat-in kitchens with coffee/bar nook areas, and half baths on the main level, along with 4 bedrooms (2 with walkout balcony porches) and 2 full bathrooms upstairs. The spacious bonus room on the second floor offers exceptional flexibility and can serve as a fourth bedroom, family room, playroom, home office, or additional living space. Each townhome includes a private basement and attached one-car garage. Together, the property offers two 2-bedroom, 1-bath flats and two 4-bedroom, 2.5-bath townhomes, creating a desirable mix of rental opportunities. All four residences have been extensively refreshed and are truly move-in ready with fresh paint throughout, updated lighting, new carpeting in carpeted areas, numerous new appliances, and brand-new windows and sliding doors throughout. This rare turnkey four-unit income property offers tremendous flexibility for investors seeking a fully leased or market-rent opportunity, as well as owner-occupants looking to take advantage of a potential principal residence tax exemption while generating income from the remaining units and enjoying the convenience of on-site management. Few opportunities exist to acquire four updated units in such a premier location. Situated just one

Location

State MI

County Wayne

Area Area05064Grossepointe

Rooms

Basement Partially Finished

Interior

Interior Features EatInKitchen

Heating Forced Air, Natural Gas, Separate Meters

Cooling Ceiling Fans, Central Air

Flooring Hardwood

Fireplaces Type LivingRoom

Fireplace Yes

Exterior

Parking Features TwoCarGarage, Assigned2Spaces, Attached, Garage, Paved

Garage Spaces 2.0

Community Features Sidewalks

View Y/N No

Building

Foundation Basement

Sewer Public Sewer, Sewer At Street

Water WateratStreet

New Construction No

Schools

School District Grosse Pointe

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Virtual Tour https://www.zillow.com/view-imx/1c6326a9-d6d2-4e32-9607-0c1ef1e13efc?initialViewType=pano

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Listed by Charlene Williams of Sine & Monaghan LLC

Nearby School & Business

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Allen Team

+1(734) 564-3330

Agent | License ID: 65001357867

Agent License ID: 65001357867

515 Neff RD Grosse Pointe, MI 48230

Allen Team

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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