$1,413 Closing Credit¹
#20240048187, Wael Nehme, Hasson Hammoud, Listing Office: U.S. Investor Group
$1,424
closing credit¹
5201-03 Joy Rd Detroit, MI 48204
$119,900 List price
$1,424
Closing credit¹
2 full
3,207 sqft
$37 / sqft
Multi-Family
Property details
About 5201-03 Joy Rd
CASH-FLOWING INVESTMENT OPPORTUNITY! Don’t miss this duplex with 2 fully occupied units, each featuring three bedrooms. This property is priced to sell quickly as-is, making it an excellent addition to your investment portfolio. Water/sewerage included in rent due to only 1 water meter, runs around $200 monthly Lower Unit: Tenant has been in place for 2 years; lease ends in February. Upper Unit: Tenant under lease for the next 9 months. Important: Please do not approach or disturb tenants. All showings must be scheduled and accompanied by a licensed agent.
Highlights
Home typeMulti Family
HeatingElectric, Forced Air, Hot Water, Separate Meters
StatusActive
Size3,207 sqft
BasementYes
Year built1922
MLS #20250002815
Summary
- MLS Number: 20250002815
- MLS Name: Realcomp II Ltd
- Office Name: Retrac Realty LLC
- Office Phone: (586) 741-8388
- Listing Agent: Monica S Drake-Love
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/15/2025, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$119,900
5201-03 Joy Rd
$1,424
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Oakman Elementary School
Public District PK-5
0.9 mi
•7545 Chase Rd
2
Gardner Elementary School
Public District KG-5
1.1 mi
•6528 Mansfield St
3
McCollough Elementary School
Public District PK-5
1.1 mi
•7801 Maple St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $15,179. The most common annual income of people living in Detroit, MI is less than $<35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
80%
<35k
17%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
31%
Single, with Kids
6%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
12%
12-17 yrs old
23%
18-34 yrs old
34%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 5201-03 Joy Rd in Detroit, MI and zip code 48228 in the Grandale / Brooks neighborhood. This 3,207 square foot home was built in 1922. Features: 2 bathrooms. It has been listed on Rocket Homes since January 13, 2025 and is currently priced at $119,900.
While more than 76 listings in Detroit, MI in January 2025 were sold above asking price, there were more than 63 listings sold at asking price, and more than 192 were sold below. The inventory of homes for sale in Detroit, MI between December and January 2025 increased by 8.7%. In January 2025, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $87,445.
From Rocket Homes Real Estate and based on county public records data.