5796 Neff Ave, Detroit, MI 48224

$79,000 Asking Price

4 beds
2 baths
1,347  sqft
Built in 1941

Amazing investment opportunity! This property is an instant cashflow opportunity. Property is TENANT OCCUPIED with a Supportive Housing Society at $1350/month! The entire rent is paid by the organization. Similar to Section 8. Lease began July 2023. Professionally managed rental, tenant plans to stay. Don't miss out on this rare opportunity of guaranteed rental income in Detroit. Property being sold as is. All dimensions are estimated and should be verified. Pictures of home from BEFORE tenant moved in. 4 bedrooms, 2 full baths!! **Showings only with accepted offer. Property is tenant occupied, please respect their privacy.** Can be packaged with 5 other occupied rental properties - see MLS 20240060564, 20240060569, 20240060579, 20240060581, 20240061650

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Natural Gas, Forced Air

Exterior

General:
Brick
Style:
Bungalow

Construction

General:
1 1/2 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
E NEFF 62 AND W 9 FT VAC ALLEY ADJ NEFF RD SUB L67 P58 PLATS, W C R 21/1006 45 X 172.86A, W21I076214S

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
Home Source Realty LLC, Bailee Clanton

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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