$94.20 Per Sq Foot $7,783 est/mo Sourced by Back At You

18401 Joy Road,Detroit, MI 48228

Detroit MI, 48228

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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.

Details

MLS#24009176
Listing TypeFor Sale
StyleOther Business Opportunity
Sub-TypeResale
StatusActive
Year1972
Days On Site52
Listing Provided ByBerkshire Hathaway HomeService | Bryan J Redmond

Features

Bath(s) 29 Total
SQ Feet15,392
Story(s)22680
Units29
Building(s)1
Acreage0.48

Market Activity 48228

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center.

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Learn More About This Property

StateMI
CountyWayne
CityDetroit
Zip Code48228
AreaWayne County 100
Subarea100
School DistrictDetroit
Listing VS Median (in 48228)
Price:
$1,449,900
low | high
Med:
$72,459
100% of Average
SqFt:
15,392
low | high
Med:
1,738
100% of Average
$ / SqFt:
$94
low | high
Med:
$42
100% of Average
On Site:
52
low | high
Med:
106.000000
49.056603773585% of Average
Sourced by Back At You
Listing Updated: April 1, 2024 at 9:06:49 AM PDT
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