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497 Neff, Grosse Pointe, MI 48230

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For Sale

$465,000

4 beds • 2 baths • 2,467 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $188.49
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 50183735

Courtesy Of Beline Obeid Realty
19846 Mack Avenue, Grosse Pointe Woods, MI 48236
(313) 343-0100

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Fireplace
    Fireplace
  • Heating System
    Forced Air
  • Lot Size
    0.21 Acres
  • Rooms
    Basement, Dining Room

Map and Directions

Directions to 497 Neff, Grosse Pointe, MI 48230

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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