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$3,995,000
-- Bed
20 Baths20 full baths
16,080sqft
516 Neff Lane Lane, Grosse Pointe, MI 48230
$3,995,000
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Multi Family
Built in 1972
$-- HOA
0.97 acre lot
$248/sq.ft
Description
Exceptional opportunity to acquire a well-located 20-unit multifamily asset in the heart of Grosse Pointe, one of Metro Detroit’s most desirable and supply-constrained rental markets. This stabilized community offers immediate cash flow with significant upside through continued rent growth and value-add execution.
The property features a strong unit mix with spacious floor plans, well-maintained interiors, and a history of high occupancy. Current ownership has completed substantial capital improvements in recent years, including renovations to a portion of the units, allowing a new owner to continue implementing a proven renovation and rent-increase strategy.
Situated i...
- Houzeo last checked: 24 minutes ago
- Listing updated: July 7, 2026 at 4:01 am
- Listing Provided by: Mackenzie Laforest (734) 210-3789 | Pinnacle Plus Realty LLC (248) 893-7795
- Source: Realcomp MLS-MI | MLS#: 20261004006
- Originating MLS: Realcomp II Ltd
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1972
HOA Fees
-
Finished Area
16,080 sqft
Lot Size
0.97 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261004006
MLS Status
Pending
Days on Market
177
Cumulative Days on Market
161
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