516 neff lane lane, grosse pointe, MI 48230

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 in a premier residential setting near the waterfront, top-rated schools, retail, dining, and major employment corridors, the property benefits from consistent tenant demand and long-term market stability. Grosse Pointe’s limited multifamily inventory and strong demographic profile create a compelling environment for sus

Water Name:  lake st.clair

IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2026 Realcomp II Ltd. Shareholders Listing By: Mackenzie Laforest of Pinnacle Plus Realty LLC, Phone: (248) 893-7795