$1,310,000
$1,295,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
515 Neff Road Grosse Pointe, MI 48230
12 Beds
8 Baths
6,958 SqFt
Key Details
Sold Price $1,310,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,958 sqft
Price per Sqft $188
Subdivision Mi
MLS Listing ID 50211102
Sold Date 07/07/26
Style 2 Story
Bedrooms 12
Full Baths 6
Half Baths 2
Year Built 1953
Annual Tax Amount $15,936
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 95X156
Property Sub-Type Multi-Family
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 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.
Location
State MI
County Wayne
Area Grosse Pointe (82335)
Zoning Residential
Rooms
Basement Partially Finished
Dining Room Eat-In Kitchen, Formal Dining Room
Kitchen Eat-In Kitchen, Formal Dining Room
Interior
Interior Features Hardwood Floors
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C
Fireplaces Type LivRoom Fireplace
Fireplace Yes
Appliance Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Exterior
Exterior Feature Brick
Parking Features Attached Garage
Garage Spaces 2.0
Amenities Available Sidewalks
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Structure Type Brick
Schools
School District Grosse Pointe Public Schools
Others
Ownership Private
SqFt Source Measured
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Higbie Maxon Agney Inc





