$1,295,000
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515 Neff RD Grosse Pointe, MI 48230
12 Beds
8 Baths
6,958 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 6,958 sqft
Price per Sqft $188
Subdivision The C Neff Estates Sub
MLS Listing ID 58050211102
Sold Date 07/07/26
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
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Bought with Higbie Maxon Agney Inc
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