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$1,295,000
10 Days On Site

515 Neff Road
Grosse Pointe City, MI 48230

Multi Family|Pending
12
Beds
8
Total Baths
6
Full Baths
2
Partial Baths
6,958
SqFt
$186
/SqFt
1953
Built
Subdivision:
THE C NEFF ESTATES SUB
County:
Wayne
Call Now: 810-360-3488
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810-360-3488
515 Neff Road515 Neff Road515 Neff Road515 Neff Road
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Monthly Payment (Est.)

$5,908
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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

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Listing Snapshot
Price 
$1,295,000
Days On Site 
10 Days
Bedrooms 
12
Inside Area (SqFt) 
6,958 sqft
Total Baths 
8
Full Baths 
6
Partial Baths 
2
Lot Size 
0.34 Acres
Year Built 
1953
MLS® Number 
58050211102
Status 
Pending
Property Tax 
$15,936
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoStatus changed to Pending
2 weeks agoListing first seen on site
General Features
Acres 
0.34
Disclosures 
Taxes Not Homestead Exempt
Garage 
Yes
Garage Spaces 
2
Levels 
Two
Parking 
AttachedGaragePavedAssigned
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
6958
Utilities 
Sewer AvailableWater Available
Zoning 
Residential
Interior Features
Appliances 
Gas Water HeaterDishwasherDisposalDryerMicrowaveOvenRefrigeratorRangeWasher
Basement 
Partially Finished
Cooling 
Ceiling Fan(s)Central Air
Fireplace 
Yes
Fireplace Features 
Living Room
Flooring 
Hardwood
Heating 
Forced AirNatural GasSeparate Meters
Interior 
Eat-in Kitchen
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Exterior Features
Construction Details 
Brick
Community Features
Community Features 
Sidewalks
Financing Terms Available 
CashConventional
MLS Area 
Area05064GrossePointe
School District 
GrossePointe
Schools
School District
GrossePointe
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Sine & Monaghan LLC: (313) 600-4019



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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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