7051 JOY Road Detroit, MI ^$ 220,000

7051 JOY Road

^$ 220,000

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Recently Listed

7051 JOY Road

Detroit, MI, 48204

^$ 220,000

Studio Baths4.0 Sq 3,762

Monthly Estimate*

^$ 1,318

7051 JOY Road, Detroit, MI 48204 - Image 1

7051 JOY Road, Detroit, MI 48204 - Image 2

7051 JOY Road, Detroit, MI 48204 - Image 3

7051 JOY Road, Detroit, MI 48204 - Image 4

Studio

Multi-Family Home for sale in Detroit, MI

for $220,000 with 4 full baths. This 3,762 square foot home was built in 1923 on a lot size of 0.11.

This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot water tanks are fairly new. The lot next-door also goes with the building. This building is close to all major freeways and only minutes from downtown. There is a $495 admin fee charged to all buyers at closing payable to RockefellerÃ¢â¬â¢s Realty. No showings will be allowed until an offer is accepted. Please do not approach the tenets.

Multi-Family Active

Price

^$ 220,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 893

Style

Lot Size

0.11

Year Built

1923

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60337762

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1923

Subdivision BAKER & CLARKS SUB (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions On Joy Rd. W. Of Livernois

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description S JOY ROAD 23 E15 FT 22 BAKER & CLARKS SUB L10 P25 PLATS W C R 16/207 45X103.26

DOM 12

Postal Code 48204

Price Per Sq Ft Total AG 58.48

Coming Soon This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases and all of them have been long-term

Interior

Basement Block

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.11

Lot Dimensions 45.00 x 103.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Clifford Rockefeller

Listing Agent

Rockefeller Realty

Broker

crockefeller@rockefellerrealty.net

Affordability Calculator

$1,392

Per Month

Monthly Principal & Interest: $1,318
Monthly Property Taxes: $74
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$225,767

Percent of Sale Price 3%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/7/2024	$220,000		Listed Price

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7051 JOY Road, Detroit, MI, 48204 is a Multi-Family Home for sale at $220,000 with 3,762 sqft and a lot size of 0.11. 7051 JOY Road is a studio with 4.0 baths and was built in 1923. The property's zip code is 48204 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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7051 JOY Road

Multi-Family Home for sale in Detroit, MI

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