Address
18401 Joy Road, Detroit, MI
Price
$ 1,399,900
Property Attributes
- MLS#24009176
- TypePending
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48228
- StyleBusiness
- Year Built1972
- Taxes$ 27994
- Price$ 1,399,900
- Bedrooms0
- Full Bathrooms29
- Half Bathrooms0
- Lot Size0.48 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
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.
| Price History | |
|---|---|
| 2/26/2024 | Listed $1,599,000 |
| 3/18/2024 | 7% - $1,499,000 |
| 4/1/2024 | 4% - $1,449,900 |
| 4/23/2024 | 4% - $1,399,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Public Sewer Available,Natural Gas Connected,Cable Connected |
| Roof | Rubber |
| Construction Materials | Brick |
| Year Built | 1972 |
| Township | Detroit City |
| Property SubType | Business |
| Tax Year | 2023 |
| Business Type | Other |
| County | Wayne |
| New Construction | No |
| Property Type | Commercial Sale |
| Status | Pending |
| Directions | Southfield freeway to Joy road,head west on Joy building is on the south side of the road |
| City | Detroit |
| High School District | Detroit |
| Total Units | 29 |
| MLS Area | Wayne County - 100 |
| Lot Size Square Feet | 20909.0 |
| Waterfront Y/N | No |
| Street Name | Joy |
| Land Lease Y/N | No |
| Tax Annual Amount | 27994.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Wayne County - 100 |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 71 |
| Standard Status | Pending |
| Tax Assessed Value | 335055 |
| Ownership Type | Corporation |
| MobileHomeRemainsYN | No |
| Legal Description | 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 |
| Senior Community | None |
Interior Features
| Total Fireplaces | 1 |
|---|---|
| Total Stories | 22680 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Full Baths | 29 |
| Street Suffix | Road |
| Electric On Property Y/N | No |
| Total Baths | 29 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | {u'Real Estate': True} |
| Lot Size Area | 0.48 |
| Foundation Details | Block |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 15392.0 |
| Lot Dimensions | 210.00 x 100.00 |
| BuyerOfficeFax | 586-774-2303 |
| Lot Size Acres | 0.48 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 48228
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 27, 2024 3:07 AM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
