Last Sold Price
2,953 sqft$159/sqft
607 Neff Road, Grosse Pointe, MI 48230

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!
LISTING CLOSED: 04/27/2023 09:16 PM

  1. Listed by James B Saros • Jim Saros Real Estate Services
    P: (313) 886-9030 jbsaros@sarosres.com

Property Details for 607 Neff Road

Status
MLS #
60189094
Days on Market
58
Taxes
$9,860 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1928
Lot Size
0.30 AC / 13,068 SF
Architectural Style
2 Story
Subdivision Name
THE C NEFF ESTATES SUB
Has Waterfront
No
Zoning Description
Multi-Family

Recent comparable sales

Median sold price

$365,000

Avg days on market

37

Sale-to-list ratio

97.0%

Grosse Pointe, MI

9 comparable properties found

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1/22
1

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Unavailable
Bedrooms
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Square Feet
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Acres
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Unavailable
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Square Feet
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Acres
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Unavailable
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Square Feet
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Acres
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Square Feet
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Acres
$495,000 | 386 St Clair Avenue, Grosse Pointe, MI 48230
1/44
7

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Bedrooms
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Square Feet
0.2
Acres
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Square Feet
0.14
Acres
$315,000 | 1324-1322 Wayburn Street, Grosse Pointe, MI 48230
1/48
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Sold 12/30/25

Unavailable
Bedrooms
960
Square Feet
0.08
Acres

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By LPS

Add your commute

Building Information for 607 Neff Road

Stories2Residences2Year Built1928Building Size-Lot Size0.30 AC / 13,068 SF

Payment Calculator

$3,211 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,389

Property Taxes

$822

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 607 Neff Road

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 Units: Acres
  • Lot Size Dimensions: 83.30 x 155.90
  • 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
  • Has Fireplace: No
  • Heating: Radiant, Natural Gas
  • Has Heating: Yes
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 607 Neff Road, Grosse Pointe, MI 48230
$470,000
2,953
13,068
$485,000
3,322
7,405
$267,500
3
1,960
9,583
$267,500
3
1,960
9,583

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jim Saros Real Estate Services

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