This listing is under contract.

Fully occupied, well maintained two-story multi-family building for sale.

19301 Joy Rd Detroit, MI 48228

19301 Joy Rd, Detroit, MI, 48228
19301 Joy Rd, Detroit, MI, 48228
Property Type:
MultiFamily Apartments
$400,000 to $600,000
Last Verified:
Mar 15, 2022

Fully occupied. Well maintained two-story multi-family building consisting of 8-units. Most tenants currently month-to-month. Existing rents are below market rates. Strong value add potential. Receivership Sale. Any offer is subject to court approval. Do not approach or disturb tenants.

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Map of 19301 Joy Rd, Detroit, MI, 48228

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.