#20240016996, Tina Hyde, Listing Office: Keller Williams Realty-Great Lakes
$938
closing credit¹
5796 Neff Ave Detroit, MI 48224
Property details
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 4 other occupied rental properties - see MLS 20240060564, 20240060569, 20240060579, 20240061650
Highlights
Summary
- MLS Number: 20240060340
- MLS Name: Realcomp II Ltd
- Office Name: Home Source Realty LLC
- Office Phone: (313) 384-5731
- Listing Agent: Bailee Clanton
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Last updated on: 2/6/2025, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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![new england style home with a front yard](/homes/listing-images/54300954_S0469/S0469/S0469-R0100/204550279/206537578.jpg?version=1732460730&width=640)
$79,000
5796 Neff Ave
$938
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Feb 17, 2020 | Home Sold | $65,000 |
Feb 17, 2020 | Home Sold | $45,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $46,000 | $1,532 |
2023 | $34,300 | $1,532 |
2022 | $27,000 | $2,229 |
2021 | $21,200 | $2,229 |
2020 | $19,100 | $1,450 |
2018 | $14,000 | $1,450 |
2017 | $14,300 | $1,443 |
History based on county public records data.
Nearby schools
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
1.0 mi
•9740 McKinney St
1
Distinctive College Preparatory
Public Charter KG-6
1.0 mi
•19360 Harper Ave
1
Tyrone Elementary School
Public Magnet 4-6
1.1 mi
•19525 Tyrone St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
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. Most residents in this area have high school diploma education.
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Frequently asked questions
About 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 76 listings in Detroit, MI in January 2025 were sold above asking price, there were more than 63 listings sold at asking price, and more than 192 were sold below. The number of homes for sale in Detroit, MI increased by 8.7% between December and January 2025. The median list price of listings available in January 2025 was $87,445, while the average time on the real estate market was 58 days.