About 18401 Joy Road
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.
Features of 18401 Joy Road
| MLS® # | 24009176 |
|---|---|
| Price | $1,399,900 |
| Bathrooms | 29.00 |
| Full Baths | 29 |
| Square Footage | 15,392 |
| Acres | 0.48 |
| Year Built | 1972 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 18401 Joy Road |
|---|---|
| Area | Wayne County - 100 |
| City | Detroit |
| County | Wayne |
| State | MI |
| Zip Code | 48228 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Fireplaces | 1 |
Exterior
| Roof | Rubber |
|---|---|
| Foundation | Block |
School Information
| District | Detroit |
|---|
Additional Information
| Legal | BLK: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 |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
| Water | Public |
Financial Details
| Annual Property Tax | $27,994 |
|---|---|
| Tax ID # | 22002352-61 |
| Taxable Value | 335055.00 |
Listing Details
| Agent | Bryan Redmond |
|---|---|
| Office | Berkshire Hathaway HomeService |