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
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1941
Stories: 1
Living Area: 1,347 SqFt
Listing Office:
Office Name: Home Source Realty LLC
Office Phone: (313) 384-5731
Listing Agent: Bailee Clanton
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: E of Cadieux, S of Chandler Park Dr
Price Information
Listing Price Info
Price Summary:
List Price: $79,000
Price Per SqFt: $59/SqFt
Tax Information:
Annual Amount: $2,230
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $6K less than the Median Sold Price and $15/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240060340
Listing Office:
Office Name: Home Source Realty LLC
Office Phone: (313) 384-5731
Listing Agent: Bailee Clanton
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Marvin L. Winans Academy of Performing Arts Elementary School
9740 Mckinney St
Distance between this listing and this school0.94 miles
Public Charter Grades KG-5
1
/10
Tyrone Elementary School
19525 Tyrone St
Distance between this listing and this school1.13 miles
Public Magnet Grades 4-6
4
/10
John Monteith Elementary School
1275 Cook Rd
Distance between this listing and this school1.45 miles
Public District Grades KG-5
Nearby Schools
9
/10
Brownell Middle School
260 Chalfonte Ave
Distance between this listing and this school1.11 miles
Public District Grades 6-8
1
/10
Harper Woods Middle School
20225 Beaconsfield St
Distance between this listing and this school2.09 miles
Public Magnet Grades 7-8
3
/10
Regent Park Scholars Charter Academy
15865 East Seven Mile Rd
Distance between this listing and this school2.10 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Denby High School
12800 Kelly Rd
Distance between this listing and this school1.68 miles
Public District Grades 9-12
1
/10
Harper Woods Virtual Academy
19344 Kelly Rd
Distance between this listing and this school1.97 miles
Public Magnet Grades 6-12
1
/10
Diploma Success Community School
19344 Kelly Rd
Distance between this listing and this school1.97 miles
The neighbors living near this home have an average income of $40,813. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5796 Neff Ave
What is the listing price of this property?
The listing price of 5796 Neff Ave property is $79,000.
What type of property is this?
The property 5796 Neff Ave is a house located in Detroit, Michigan, 48224.
Is this property for sale now?
Accepting Backup Offers: 5796 Neff Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,230 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 17, 2020 for $65,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 5796 Neff Ave has 4 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 5796 Neff Ave is 1,347 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5796 Neff Ave is 1941.
This home is located at 5796 Neff Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,347 square foot home, which was built in 1941, sits on a 0.17 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $79,000.
In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.
From Rocket Homes Real Estate and based on county public records data.