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14801 Joy Rd 14 Unit Apartment Building $850,000 ($60,714/Unit) 4.47% Cap Rate Detroit, MI 48228

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INVESTMENT HIGHLIGHTS

  • Great Location Close To All Major Freeways
  • Water and Heat Included
  • Affordable Units

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $850,000
Price Per Unit $60,714
Sale Type Investment
Cap Rate 4.47%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • Deferred Maintenance
  • Redevelopment Project
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.46 AC
Building Size 8,326 SF
Average Occupancy 78%
No. Stories 2
Year Built/Renovated 1964/2024
Zoning R4 - Multi-Family

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Cable Ready
  • Heating
  • Kitchen
  • Tub/Shower
  • Basement
  • Smoke Free
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities
  • Security System
  • Maintenance on site

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 14 - 500 - 700

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-0022159
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$159,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 39229916

  • Date on Market: 1/27/2026

  • Last Updated:

  • Address: 14801 Joy Rd, Detroit, MI 48228

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