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$79,000

Beds
4
Baths
2.0
sq ft
1,347

5796 Neff Ave, Detroit, MI 48224

5796 Neff Ave

Detroit, MI 48224

  • Pending
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

Details

Property type

Single Family Residence

Est. home value

$99,290

Lot size

7,405 sq ft

Price per sq ft

$59

Year built

1941

Annual property taxes

$2,227

Price History

11/01/2024
Realcomp

Realcomp #20240060340

Pending
$79,000
08/14/2024
Realcomp

Realcomp #20240060340

Listed
$79,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ross Mortgage Corp

Loan start date

June 2006

Original loan amount

$98,450

Est. remaining balance

$60,659

Interest rate

6.59%

Loan type

FHA, 30 year

Seller

Hamp Riggins Jr

Lender

Ross Mortgage Corp

Loan start date

June 2006

Original loan amount

$98,450

Est. remaining balance

$60,659

Interest rate

6.59%

Loan type

FHA, 30 year

Seller

Hamp Riggins Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 12/22/2024 at 4:30 PM

Listing updated: 12/20/2024 at 9:57 AM

Listed by: Bailee Clanton, Home Source Realty LLC Phone #: (313) 384-5731

MLS: Realcomp #20240060340

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