Apartment Buildings /MI /Wayne County /Detroit /18401 Joy Rd
Apartment Buildings /MI /Wayne County /Detroit /18401 Joy Rd

18401 Joy Rd - Apartments FOR SALE


Detroit, MI 48228- Warrendale | 
$2,400,000 USD
248-631-8085
18401 Joy Rd, Detroit, MI for Sale
$2,400,000 USD
Apartments - FOR SALE
1/33
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18401 Joy Rd
Detroit, MI 48228
Warrendale

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HIGHLIGHTS

  • 58 unit multifamily opportunity
  • Two buildings; 29 units each
  • Strong value add opportunity
  • All 1BR/1BA units
  • Strong population density
  • Contact Broker for financials

OVERVIEW

58 unit value add apartment complex for sale on the west side of Detroit, MI.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

58

PRICE/UNIT

$41,379

CAP RATE

Request Cap Rate

% LEASED

55%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penrod Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

B4

APN/PARCEL ID

22-00235-261,22-00236-570

ASK ABOUT THIS PROPERTY

Andrew BattersbyThomas Duke CompanyMore Info
248-631-8085

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Andrew BattersbyThomas Duke CompanyMore Info
248-631-8085

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