Sold
Last Sold Price
2,953 sqft$159/sqft
607 Neff Road, Grosse Pointe, MI 48230
Multi FamilyProperty Type
0.3 acresLot Size
1928Year Built
$159/sq ftPrice per sq ft

Description

Rare offering to acquire a large 2 unit multifamily building in the heart of The Village- The Pointes most in demand location! An ideal opportunity to generate a strong passive income source, live in a unit and rent out the other to cover carrying costs, or convert to a single family home! Situated on a spacious lot and a half, 607 Neff consists of an upper and lower flat, each with stunning original features and beautiful fireplaces in the spacious living rooms. The lower flat has central AC, a...Rare offering to acquire a large 2 unit multifamily building in the heart of The Village- The Pointes most in demand location! An ideal opportunity to generate a strong passive income source, live in a unit and rent out the other to cover carrying costs, or convert to a single family home! Situated on a spacious lot and a half, 607 Neff consists of an upper and lower flat, each with stunning original features and beautiful fireplaces in the spacious living rooms. The lower flat has central AC, a large family room, large dining room, 1 full bath and a half bath en suite, 2 sizable bedrooms, and a 3 seasons room. The upper flat features original hardwood floors that were just refinished, fresh paint, 2 sizable bedrooms, and a full bath. Divided yard so each tenant can have separate green space! Spacious 2 car garage & an additional 2 off street parking spaces. Projected income of $2,300+ month for the lower unit and $2,100+/ month for the upper unit with cosmetic improvements. Separate gas/ electric meters for each unit. Walk to GP's finest dining, nightlife, & shopping!
  • Listed by: James B Saros 313.886.9030 jbsaros@sarosres.com • Jim Saros Real Estate Services
Listing closed: 04/27/2023 09:16 PM • Source: MiRealSource, MLS#: 60189094

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By LPS

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$3,250 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,429

Property Taxes

$822

HOA Dues

$0

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Property Information for 607 Neff Road

Property Details
  • Taxes: $9,860 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Architectural Style: 2 Story
  • Subdivision Name: THE C NEFF ESTATES SUB
  • Has Waterfront: No
  • Zoning Description: Multi-Family
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1928
  • Lot Size: 0.30 AC / 13,068 SF
Summary
Location and General Information
  • Cross Street: Neff and Kercheval
  • Directions: S Of Fisher And E Of Kercheval
  • Latitude: 42.39061201
  • Longitude: -82.91401503
  • MLS Area Major: Grosse Pointe (82335)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: 37002030025001
  • Tax Annual Amount: $9,860.00
  • Tax Assessed Value: 210000
School Information
  • High School District: Grosse Pointe
Parking
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Two Car Garage
  • Parking Total: 2.0
Property
Lot Information
  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Dimensions: 83.30 x 155.90
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 2953.0
  • Above Grade Finished Area Units: Square Feet
  • Building Area Total: 2953.0
  • Living Area: 2953.0
  • Living Area Source: Public Records
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1928
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Total Stories: 2
Utilities
  • Sewer: Sewer At Street
  • Utilities: Natural Gas Available, Sewer Available
  • Water Source: Waterat Street
Interior and Exterior Features
Interior Features
  • Basement: Full, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Radiant, Natural Gas
  • Has Heating: Yes
  • Has Fireplace: No
Multi Family
Multi Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $52,800

Property History for 607 Neff Road

DateEvent & SourcePriceAppreciation
Apr 27, 2023

Sold

Realcomp #20230008903

Apr 27, 2023

Contract Signed

Realcomp #20230008903

Apr 21, 2023

Sold (Public Record)

Public Record #1510354824

$470,000

+7.5% / yr

DateEvent & SourcePrice
04/27/2023

Sold

Realcomp #20230008903

04/27/2023

Contract Signed

Realcomp #20230008903

04/21/2023

Sold (Public Record)

Public Record #1510354824

$470,000

+7.5% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 607 Neff Road

Taxable ValueLand-Additions-Total-
Tax Record2023$14,430 ($1,203 / month)
Home Facts
Beds0Baths2.5Total Finished SqFt2,953 SqFtAbove Grade Finished SqFt2,953 SqFtStories2Lot Size13,068 SqFtStyleSingle Family ResidenceYear Built1928ZoningR1-BCountyWAYNEAPN37 002 03 0025 001Fireplace TypeHas Fireplace

Schools near 607 Neff Road

This home is within Grosse Pointe Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Lewis Maire Elementary School
PublicK to 4

Pierce Middle School
Public5 to 8

Grosse Pointe South High School
Public9 to 12

Foundation for Exceptional Children
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Jim Saros Real Estate Services

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