$465,000

497 Neff Road, Grosse Pointe, MI 48230

4 beds |
2 baths |
2,467 sqft

Multi-Family Home
Built in 1942
9,148sqft lot
3 car garage
$188/sqft
Listed 3 months ago

Property Description

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. 1st floor has been leased for $1,850.00. 2nd floor is currently leased at $1,800/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.

Listing Status:: Active
Listing Office:: Beline Obeid Realty : 3133430100
Listing Agent:: Beline Obeid : 3133430100
MLS ID:: 58050183735

Appliances: DishwasherDryerOvenRefrigeratorRangeWasher
A/C: Central air
Heating: Forced airNatural gasSeparate meters
Fireplace: Living roomFireplace

Style: Colonial
Pool: Community
Parking: Three car garageDetachedGarage

General: BrickTwoBasement

HOA Amenities: ParkPlaygroundPool
Originating MLS: MiRealSource
School District: Grosse pointe
County: Wayne

Zoning: CYJ15A SLY 59.02 Ft of Lot 15 Also ADJ VAC Alley The C Neff Estate Sub 344 L15 P23 WCR K 68.5537002030015001

Water: Public
Sewer: Public sewer

Source: MiRealSource

This listing courtesy of Beline Obeid, Beline Obeid Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lewis Marie Elementary School

740 Cadieux Rd, Grosse Pointe, MI, 48230

Grades KG-5

0.38 miles away

Pierce Middle School

15430 Kercheval Ave, Grosse Pointe Park, MI, 48230

Grades 6-8

1.29 miles away

Grosse Pointe South High School

11 Grosse Pointe Blvd, Grosse Pointe Farms, MI, 48236

Grades 9-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.