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14801 Joy Road, Detroit, MI 48228

Detroit
Local realty services provided by:CENTURY 21 Dynamic Realty
14801 Joy Road,Detroit, MI 48228
$850,000
  • - Beds
  • 14 Baths
  • 8,326 sq. ft.
  • Multi-family
  • Active
Listed by: david rabior
Office: clyde realty llc.
MLS#:20261005534
Source:MI_REALCOMP

Price summary

  • Price:$850,000
  • Price per sq. ft.:$102.09

About this home

Prime value-add multifamily investment opportunity in Detroit. This 14-unit property (all 1-bedroom units) is approximately 50% occupied with 7 paying tenants one of which is section 8,. Six units are vacant and currently being turned. 1 unit is currently being used for storage. Six of the seven units will be renting in the next 30-60 days providing immediate cash flow and a clear path to increased NOI. Once all of these units are rented again this property will gross around 12000 per month or 134400 annually. 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.

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Home facts

  • Year built:1959
  • Listing ID #:20261005534
  • Added:48 day(s) ago
  • Updated:March 17, 2026 at 09:58 AM

Rooms and interior

  • Total bathrooms:14
  • Full bathrooms:14
  • Living area:8,326 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Year built:1959
  • Building area:8,326 sq. ft.
  • Lot area:0.23 Acres
  • Architectural Style:Common Entry Building
  • Construction Materials:Brick
  • Exterior Features:Covered
  • Foundation Description:Slab
  • Levels:Two

Utilities

  • Water:Community
  • Sewer:Sewer at Street

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$102.09
  • Tax amount:$8,260

Parking

  • Parking description:Parking Lot
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