MI > Wayne > Detroit > 18401 Joy Road

$1,399,900

Reduced ($50,000) on 04/23/2024

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  • MLS# 24009176
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248-304-6700

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The property is an income producing 29-unit apartment building located on the West side of the city Detroit, Michigan. The property is positioned in the Warrendale Neighborhood, off Joy Rd just West of the Southfield Freeway. Penrod Faust consists of two buildings, with parking spaces on the side and back of the building. There are 29 units that are all 1 bedroom 1 bath, approximately 630 square feet. They heavy lifting is finished!!! Come in set your rents, fill your units and watch the cash flow in. The property is 80% occupied charging over $21,600 per month in gross potential rent. Of the 29 units - 12 units have been turned with light renovations. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent.

Property Information

Status
Active 
Address
18401 Joy Road 
City
Detroit 
Zip
48228 
Year Built
1972 
Business Type
Other 
County
Wayne 
Above Grade SqFt
15,392 
Price/SqFt
90.95 

School Information

School District
Detroit 

Taxes

Features

Total No. of Units
29 
Water
Public 
Sub Property Type
Business 

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annual

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
24009176 Apr 23 2024 11:40AM $1,399,900 $1,449,900 68
24009176 Apr 1 2024 9:05AM $1,449,900 $1,499,000 68
24009176 Mar 18 2024 12:05PM $1,499,000 $1,599,000 68
24009176 Active Feb 26 2024 12:01PM $1,599,000 68
24000530 Expired Active Jan 3 2024 4:02AM 5
24000530 Active Jan 2 2024 3:02PM $1,799,000 5
School Information
Local Business

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Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

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Listing Courtesy of Added by AgentStrategy

Listing Agent Bryan Redmond

18401 Joy Road Detroit
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$1,399,900
For Sale • Acres: 0.48 • Zoning: