$199,000 for Sale
15142 joy road, detroit, MI 48228
Property Description
Prime Investment Opportunity on Joy Rd: This commercial real estate package offers three parcels, including a separate upper efficiency apartment, all on a 60 x 100 lot in a highly sought-after area known for its thriving auto industry. Just minutes from Dearborn, the property boasts modern updates, including new electrical, plumbing, and roofing, along with two brand-new door bays. The apartment, with its separate entrance and utilities, enhances rental appeal. Currently generating $2,500 in monthly income from a successful detail shop and rented apartment, this property offers significant potential for expansion. With security fencing in place and ample parking for up to 18 cars, the additional vacant space is perfect for storage, warehousing, or further development. Seize this opportunity to invest in a versatile property with a solid income stream and room to grow.
General Information
Sale Price: $199,000
Price/SqFt: $97
Status: Active
MLS#: 20240059694
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.05
Lot Dimensions: 23.00 x 100.00
Size: 2,062 sq.ft.
Acreage: 0.05 est.
Year Built: 1931
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $919
Est. Winter Taxes: $100
Est. Winter Taxes: $100
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Nader Rammal of RE/MAX Leading Edge, Phone: (313) 277-7777
