**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
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
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
- Address5298 NEFF AVE Detroit MI
- SubdivisionASSESSORS DETROIT PLAT NO 1
- CityDetroit
- CountyWayne
- Zip Code48224
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5298 NEFF AVE
Detroit, MI
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