Detroit, MI 48228 18401 Joy Road
$1,399,900
34 more
Presented By: Bryan Redmond at BHHS Kee Realty - (586) 774-2300
Baths • 29
Home Details
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.
Presented By: Bryan Redmond at BHHS Kee Realty - (586) 774-2300
Interior Features for 18401 Joy Road
Bathrooms
Total Baths29
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Heating Y/NYes
Total Stories22680
General for 18401 Joy Road
Additional Parcels Y/NNo
Business TypeOther
CityDetroit
Construction MaterialsBrick
CountyWayne
DirectionsSouthfield freeway to Joy road, head west on Joy building is on the south side of the road
Electric On Property Y/NNo
Full Baths29
HeatingForced Air
High School DistrictDetroit
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionBLK:105 DIST:01 CITY/MUNI/TWP:DETROIT CITY S JOY RD 13 THRU 4 MONDALE PARK SUB L49 P15 PLATS, W C R 22/261 210 X 100
Lot Size Square Feet20909.0
Lot Size UnitsAcres
MLS AreaWayne County - 100
MLS Area MinorWayne County - 100
MobileHomeRemainsYNNo
ModificationTimestamp2024-08-21T14:29:08Z
New ConstructionNo
NumberOfUnitsTotal29
Ownership TypeCorporation
Property SubTypeBusiness
Property TypeCommercial Sale
Rent Control Y/NNo
RoofRubber
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount27994.0
Tax Assessed Value335055
Tax Year2023
TermsConventional, Cash
TownshipDetroit City
UtilitiesNatural Gas Connected, Cable Connected, Sewer Available
Waterfront Y/NNo
Year Built1972
Exterior for 18401 Joy Road
Building Area Total15392.0
Crops Included Y/NNo
Foundation DetailsBlock
Horse Y/NNo
InclusionsReal Estate
Irrigation Water Rights Y/NNo
Lot Dimensions210.00 x 100.00
Lot Size Acres0.48
Lot Size Area0.48
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Cristina Derucki
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License #543277