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
UNDER CONTRACT FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$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.

Additional URLs

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.