5298 NEFF Avenue, Detroit, MI 48224

$59,900 Asking Price

2 beds
1 bath
720  sqft
Built in 1950

**OPPORTUNITY** This 2 bedroom, 1 bathroom Cornerstone Village home could be perfect for a first-time homebuyer who isn't afraid of generating a little sweat equity or it could also be perfect for an investor looking to start or expand their portfolio! With Section 8 rents for similar properties as high as $1,100/month, the ROI on this property would be sky-high! The property features hardwood flooring throughout almost all of the property, an updated kitchen, an bathroom that would need very minimal work to make it nice, forced air heating, wrought-iron windows w/ storm windows, a 3D architectural shingle roof, a 3 seasons room, an oversized 1.5 car garage, and so much more! Best of all, the property is located in the East Warren/Cadieux Strategic Neighborhood Fund area, which has enabled the renovation of the Warren streetscape and has brought in tens of millions of dollars of both public and private investment, with more to come! NO SELLER FINANCING - VA OR FHA MAY BE CONSIDERED @ NO COST TO SELLER

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Forced air, Natural gas

Exterior

Style:
Ranch
Other Structures:
Covered, Porch
Pool:
None
Parking:
Oneand half car garage, Detached

Construction

Roofing:
Asphalt
General:
Aluminum siding, One, Basement, Block

Location

Road/Access:
Paved
Originating MLS:
Realcomp II Ltd
School District:
Detroit
County:
Wayne

Lot

Zoning:
E NEFF 29 ASSESSORS DETROIT PLAT NO 1 L72 P7 PLATS, W C R 21/1024 38 X 172.95A NEZ HMSTD CERT# NH2008-0448 RELATED PARCEL 27080448., W21I076201S003

Utilities

Utilities:
Above ground utilities, Cable available, Underground utilities
Water:
Public, Waterat street
Sewer:
Public sewer, Sewer at street

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
RE/MAX Leading Edge, Ryan E Kain

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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