5298 NEFF AVE Detroit MI 48224 MLS #20240089080

5298 NEFF AVE
Detroit, MI, 48224
$57,500
2 Beds
1 Baths
720 SqFt
0.15 Acres
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**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

Property Details

Price:
$57,500
MLS #:
20240089080
Status:
Active
Beds:
2
Baths:
1
Address:
5298 NEFF AVE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
ASSESSORS DETROIT PLAT NO 1
Neighborhood:
05055 – Det Con-Mors/Grat. Hstn/7 Mack
City:
Detroit
Listed Date:
Dec 17, 2024
State:
MI
Finished Sq Ft:
720
ZIP:
48224
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1950
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I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…

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Schools

School District:
Detroit

Interior

Bathrooms
1 Full Bathroom
Heating
Forced Air, Natural Gas

Exterior

Architectural Style
Ranch
Community Features
Sidewalks
Construction Materials
Aluminum Siding
Parking Features
Oneand Half Car Garage, Detached
Roof
Asphalt

Financial

Taxes
$1,311

Map

Community

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