15024 JOY Road $640,000


    15024 JOY Road Detroit, MI 48228

    SOLD 11/7/2023


    • 13,360 sq. ft.
    • 0.42 Acres
    • Commercial Lease
    • MLS# 60247141
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    Property Details

    Exciting Investment Prospect Available! This apartment complex presents a promising avenue for growth with the potential to enhance its value through minor unit repairs. Boasting a zero-eviction track record and a roster of great tenants, the property consists of 18 units. Among these, 17 feature one bedroom and one bathroom, while the remaining unit offers two bedrooms and one bathroom. This is a prime opportunity to capitalize on the property's latent potential and secure a sound investment.

    • General Features
      • Acreage 0.42
      • Area Municipality Detroit (82001)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Total SqFt Finished 13360
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Multi-Family
    • Building Features
      • Exterior Construction Block
      • Foundation Type Basement
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water, Public Water at Street
      • Lot Size 183.00 x 100.00
      • Roads Paved Street
      • Sewer Septic Public Sanitary, Public At Street


    48228 (Detroit) Demographics

    30 Median Age
    6,701 Population Density (per sq. mile)
    19% College Educated
    $27,833 Estimated Median Income
    10,182 Estimated Total Home Owners
    10,859 Estimated Total Renters
    48% / 52% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    57,698 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $64,000 Median Sales Price
    41 Homes Sold
    32 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        11/7/2023 3:00:00 AM Sold Source: Multiple Listing Service New Value: $640,000
        10/3/2023 3:21:57 PM Status Changed Source: Multiple Listing Service New Value: Pending
        9/18/2023 10:51:24 AM Status Changed Source: Multiple Listing Service New Value: Accepting Backup Offers
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.