14801 Joy Road, Detroit, Michigan 48228

$850,000

Property Details

MLS#: 20261005534
Bedrooms: N/A
Bathrooms: 14
Square Feet: 8,326
Price per Sqft: $102
Lot Size: 0.23 acres
Year Built: 1959
Property Type: ResidentialIncome
Status: Active
Days on Market: 28

Description

Prime value-add multifamily investment opportunity in Detroit. This 14-unit property (all 1-bedroom units) is approximately 80% occupied with 11 paying tenants, providing immediate cash flow and a clear path to increased NOI. Extensive upgrades and improvements completed since 2023 reduce near-term capital expense risk while enhancing rent growth potential. Significant upside remains through stabilization of vacant units and continued rental optimization. Ideal for investors seeking strong yield, forced appreciation, and long-term portfolio growth. Let's make a deal.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 14801 Joy Road?

14801 Joy Road is listed at $850,000, or $102 per square foot.

How many bedrooms does 14801 Joy Road have?

This property has N/A bedrooms and 14 bathrooms, with 8,326 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

Similar Homes for Sale in Detroit

7873 Van Dyke Place, Detroit — $850,000 · 5bd · 4ba · 3,613sqft
3065 Iroquois Street, Detroit — $869,900 · 6bd · 4ba · 5,815sqft
1 Park Avenue, Detroit — $825,625 · 2bd · 2ba · 1,273sqft
1 Park Avenue, Detroit — $805,625 · 2bd · 2ba · 1,273sqft
74 SAND BAR Lane, Detroit — $895,000 · 5bd · 4ba · 4,482sqft
330 Gratiot Avenue, Detroit — $899,000 · 3bd · 2ba · 2,009sqft
2941 WARREN Avenue, Detroit — $900,000 · 24ba · 29,400sqft
1628 Leverette Street, Detroit — $775,000 · 4bd · 4ba · 3,248sqft