5406 Joy Rd, Detroit, MI 48204

$52,000 Asking Price

3 beds
1 bath
983  sqft
Built in 1920

This is a remarkable investment opportunity on Detroit's westside, perfect for cash buyers seeking a steady income stream. The property is currently cash-flowing and offers an excellent chance to step into a ready-made investment. The seller prefers to include the existing tenants with the sale, ensuring immediate rental income. With its strategic location and consistent performance, this property is ideal for investors looking to expand their portfolio in a thriving market.

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Natural Gas, Forced Air

Exterior

General:
Wood
Style:
Bungalow

Construction

General:
1 1/2 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
N JOY RD 650 DAILEY PARK SUB L29 P80 PLATS, W C R 16/185 35 X 120, W16I004697S

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
KW Professionals, Jeff Glover

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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