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 block from The Village, residents enjoy easy access to restaurants, boutiques, coffee shops, fitness studios, grocery shopping, and year-round community events. Walk to Maire Elementary, Elworthy Field, neighborhood parks, tennis courts, Trader Joe's, Lucky Detroit Coffee & Espresso, and resident-exclusive Neff Park featuring a marina, swimming pools, playgrounds, picnic areas, and waterfront recreation. From Music on the Plaza and summer festivals to the iconic Santa Claus Parade and holiday tree lighting, this location embodies the very best of the Grosse Pointe lifestyle and the small-town charm that makes this community so special.
Listed by
Listing Agent - Charlene Williams
Listing Agent Contact: Main: 313-884-7000
Listing Office - Sine & Monaghan LLC
Source: MiRealSource, Inc
MLS#50211102 • last updated
1 month ago
Movotochecked MiRealSource, Inc for data 8 minutes ago
Overview
Heating
Forced Air
Status
Closed
Virtual Tour
N/A
Type
Multi-Family
Lot Size (Acres)
0.34
Total Tax Amount
15936
Year Built
1953
Interior
# of Full Baths
6
# of Half Baths
2
Basement
Partially Finished
Interior Features
Hardwood Floors
Fireplace Desc
LivRoom Fireplace
Exterior
Foundation
Basement
Construction
Brick
# of Garage Spaces
2
Garage Desc
Attached Garage
Amenities / Utilities
Fuel Type
Natural Gas
Sewer/ Septic
Public At Street
Water
Public Water At Street
Water Heater
Gas
Location
County
Grosse Pointe (82335)
Community Amenities
Sidewalks
Subdivision
The C Neff Estates Sub
Zoning
Residential
$1.29M
Range: $1.16M-$1.42M
Last 30 days
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