18401 Joy Road, Detroit, MI 48228

$1,399,900
29
BA
List Price
$1,399,900
Price Change
▼ $50,000 1713904232
Days on Market
59
MLS#
24009176
Status
ACTIVE
Type
Commercial
Bathrooms
29
Full-baths
29
Neighborhood
Wayne County - 100

Property 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.

Additional Information

Taxes
$27,994
Acres
0.48
Roofing
Rubber
School District
Detroit
Sewer
Public Sewer
Utilities
Public Sewer Available, Natural Gas Connected, Cable Connected
Water
Public

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Bryan J Redmond (bredmondjr@gmail.com) from Listing Office: Berkshire Hathaway HomeService.

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