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Backup Offers

5796 Neff Ave, Detroit, MI, 48224

$79,000

Home List Price

$938*

Closing Credit

4 Bedrooms
2 Full Baths
1,347 SqFt
$59/SqFt
House

Location

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5796 Neff Ave, Detroit$79,000

Buyer Closing Credits

$938*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1941
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240060340
Lot Size0.17 Acres
StatusAccepting Backup Offers

About 5796 Neff Ave

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
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

5796 Neff Ave vs Detroit

27 DAYS ON ROCKET

-18 Days

$79,000

-$6K Less

$59/SqFt

-$15 Less

KEY TAKEAWAY

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

IDXDisclaimer: 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 17, 2020Home Sold
$65,000
Feb 17, 2020Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,230$21,200
2020$1,450$19,100
2018$1,450$14,000
2017$1,444$14,300

History based on county public records data.

Payment Calculator

$462

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$303

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NMLS#3030

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.

Nearby Schools

school-card-donut-458967
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 0.98 miles

  • Public Charter Grades KG-5

school-card-donut-458968
1
/10

  • Distinctive College Preparatory

  • 19360 Harper Ave

  • 0.98 miles

  • Public Charter Grades KG-6

school-card-donut-458969
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.13 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,813. Typical income of Detroit, MI residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living 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.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5796 Neff Ave

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.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

From Rocket Homes Real Estate and based on county public records data.

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