18401, Joy, Detroit, MI, 48228
$1,399,900
Basics
- Date added: Added 2 months ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 29
- Lot size: 0.48 sq ft
- Year built: 1972
- Bathrooms Full: 29
- Lot Size Acres: 0.48 acres
- Business Type: Other
- County: Wayne
- MLS ID: 24009176
Description
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Description:
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.
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Location
- Directions: Southfield freeway to Joy road, head west on Joy building is on the south side of the road
Building Details
- Building Area Total: 15392 sq ft
- Number Of Units Total: 29
- Construction Materials: Brick
- Sewer: Public Sewer
- Heating: Forced Air
- Roof: Rubber
- Foundation Details: Block
- Number Of Buildings: 1
Amenities & Features
- Inclusions: 1
- Utilities: Sewer Available, Natural Gas Connected, Cable Connected
- WaterSource: Public
Fees & Taxes
- Tax Assessed Value: $335,055
- Tax Year: 2023
- Tax Annual Amount: $27,994
School Information
- High School District: Detroit
Miscellaneous
- CrossStreet: Southfield FWY Joy Road
- Listing Terms: Conventional, Cash
Ask an Agent About This Home
This Business style property is located in is currently Commercial Sale and has been listed on Tucker Benner Realty - Our Michigan Home. This property is listed at $1,399,900. It has bedrooms, 29 baths bathrooms, and is . The property was built in 1972 year.
