About 5298 Neff Ave
**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 of 5298 Neff Ave
| MLS® # | 20240089080 |
|---|---|
| Price | $49,900 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 720 |
| Acres | 0.15 |
| Year Built | 1950 |
| Type | Residential |
| Sub-Type | Ranch |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 5298 Neff Ave |
|---|---|
| Area | 05055 - Det Con-Mors/Grat. Hstn/7 Mack |
| Subdivision | ASSESSORS DETROIT PLAT NO 1 |
| City | Detroit city |
| County | Wayne |
| State | Michigan |
| Zip Code | 48224 |
Amenities
| Utilities | Above Ground Utilities, Cable Available, Underground Utilities |
|---|---|
| Parking | Detached, 1.5 Car Garage |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Aluminum Siding |
|---|---|
| Foundation | Basement, Block |
School Information
| District | Detroit |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Leading Edge |
|---|---|
| Contact Info | r.kainrealtor@gmail.com |