516 Neff, Grosse Pointe, Michigan

About 516 Neff

Pinnacle Plus Realty LLC is pleased to present this multi-Family property in the heart of Grosse Pointe Michigan. The property consists of 20 apartment units all 100% leased and positioned within walking distance to many shops, restaurants, health care facilities and just 8 miles from the 5th largest city in the US. 100% of the 20 units are currently leased- with 65% of the tenants on a month-to-month basis. In the last year current ownership has completed substantial capital improvements to the property including a complete renovation of 25% of the units. In the previous 12 months all 20 units have been turned over, market rent established, and new leases signed. Current market allows for the new owner to continue to substantially increase rents while adding a stabilized asset to their portfolio.