Detroit Multifamily Investment
For Sale
Contact for pricing
14801 Joy Rd, Detroit, MI 48228
Value-add 14-unit property with immediate cash flow.
Property Size8,326 SF
Price / SF$102.09
Days on Market207
Property Features for 14801 Joy Rd
General Information
Standard status
Active
Size
8,326 SF
Class
C
Property subtype
Multifamily
Zoning
R4
Building Details
Year Built
1959
Listing Agency:
Clyde Realty LLC
(586) 260-4346
Listed By:
DAVID RABIOR · License #6501406276
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 8 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clyde Realty LLC
Investment Insights
Based on property information with market context.
This multifamily property in Detroit presents a value-add investment opportunity. The property features 14 units, all of which are 1-bedroom apartments. Approximately 80% of the units are occupied, with 11 paying tenants, providing immediate cash flow. The property is currently rental certified. Since 2023, extensive upgrades and improvements have been completed. Vacant units offer potential for stabilization and rental optimization. The property is approximately 8,326 square feet.
Key Highlights
- Immediate cash flow from 11 paying tenants (80% occupancy)
- Value‑add opportunity with potential to increase Net Operating Income (NOI)
- Extensive upgrades completed since 2023, reducing capital expense risk
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add 14-unit property with immediate cash flow.
Where is this apartment building located?
The property is located at 14801 Joy Rd Detroit, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Immediate cash flow from 11 paying tenants (80% occupancy); Value‑add opportunity with potential to increase Net Operating Income (NOI); Extensive upgrades completed since 2023, reducing capital expense risk
