497 Neff Rd, Grosse Pointe city, Michigan

$465,000

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4

Beds

2

Baths

2,467

Square feet

0.21

Acres

About 497 Neff Rd

Welcome to this prime two-family investment property offering exceptional income potential in a desirable neighborhood. Each spacious unit features two bedrooms, full bath, living room with fireplace, formal dining room, kitchen and Florida room off the rear. Second floor unit has small den off the living room. The open basement offers laundry facilities and additional storage. 2nd floor is currently leased at $1,800/month, first floor is vacant, but has been leased previously for $1,700/month. Situated on a 59 x 155 lot, this property provides off-street parking, a large backyard, and a three car garage, enhancing tenant appeal. Both units are metered separately for gas/electric utilities, tenants pay utilities and landlord pays the water. Perfectly positioned just minutes from the Village for shopping and dining, and the residents-only lakefront park with swimming pool, marina, kayak launch, playground, splash pad and picnic area, this property offers excellent access to city amenities and employment hubs with just a short distance to Downtown Detroit. Whether you're looking to expand your rental portfolio or seeking a live-in investment, this property delivers reliable returns and future value appreciation. Don't miss your chance to acquire a versatile, high-demand asset-schedule a private tour today! Seller to provide C of O.

Features of 497 Neff Rd

MLS® # 58050183735
Price $465,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 2,467
Acres 0.21
Year Built 1942
Type Multifamily
Sub-Type Colonial
Style Colonial
Status Pending

Community Information

Address 497 Neff Rd
Area 05064 - Grosse Pointe
Subdivision THE C NEFF ESTATE SUB
City Grosse Pointe city
County Wayne
State Michigan
Zip Code 48230

Amenities

Parking 3 Car Garage, Detached, Garage
# of Garages 3
Is Waterfront No
Has Pool Yes

Interior

Appliances Dishwasher, Dryer, Oven, Refrigerator, Range, Washer
Heating Forced Air, Natural Gas, Separate Meters
Cooling Central Air
Fireplace Yes
Fireplaces Living Room

Exterior

Construction Brick
Foundation Basement

School Information

District Grosse Pointe

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBeline Obeid Realty
Contact Infobeline@beline.com

Listing Map

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