Sold
Last Sold Price
3,762 sqft
7051 Joy Road, Detroit, MI 48204
Multi FamilyProperty Type
0.11 acresLot Size
1923Year Built
$56/sq ftPrice per sq ft

Description

This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot water tanks are fairly new. The lot next-door also goes with the building. This building is close to...This is a great opportunity to own a fully rented multi unit rental property in the city of Detroit. The tenants are all month to month leases, and all of them have been long-term, which is why the rents are so low. The building is in good condition with no known needed repairs. all four units have two bedrooms and one bathroom each. there is the laundry room in the basement. All furnaces and hot water tanks are fairly new. The lot next-door also goes with the building. This building is close to all major freeways and only minutes from downtown. There is a $495 admin fee charged to all buyers at closing payable to Rockefeller's Realty. No showings will be allowed until an offer is accepted. Please do not approach the tenants.
  • Listed by: Clifford Rockefeller 248.796.2732 crockefeller@rockefellerrealty.net • Rockefeller Realty
Listing closed: 12/27/2025 12:00 AM • Source: MiRealSource, MLS#: 60390948

Recent comparable sales

Median sold price

$197,500

Avg days on market

96

Sale-to-list ratio

94.9%

Detroit, MI

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Location

Listing Courtesy of Rockefeller Realty

Sold By LPS

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$1,162 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,085

Property Taxes

$77

HOA Dues

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Property Information for 7051 Joy Road

Property Details
  • Taxes: $919 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Architectural Style: 2 Story
  • Subdivision Name: BAKER & CLARKS SUB (PLATS)
  • Has Waterfront: No
  • Zoning Description: Multi-Family
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1923
  • Lot Size: 0.11 AC / 4,791 SF
Summary
Location and General Information
  • Cross Street: Joy Rd and Livernois
  • Directions: On Joy Rd. W. Of Livernois
  • Latitude: 42.359108
  • Longitude: -83.140531
  • MLS Area Major: Detroit (82001)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: W16I004620S
  • Tax Annual Amount: $919.00
  • Tax Assessed Value: 7942
  • Tax Other Annual Assessment Amount: $250.00
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Parking Features: Parking Lot
Property
Lot Information
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Dimensions: 45.00 x 103.00
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 3762.0
  • Building Area Total: 3762.0
  • Living Area: 3762.0
  • Living Area Source: Public Records
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1923
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Covered
Interior Features
  • Basement: Full, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Has Cooling: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Has Fireplace: No
Multi Family
Multi Family Information
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
Income & Expenses
  • Gross Scheduled Income: $32,700

Property History for 7051 Joy Road

DateEvent & SourcePriceAppreciation
Dec 27, 2025

Sold

Realcomp #20250031634

$210,000
Dec 27, 2025

Sold

MiRealSource #60390948

$210,000
Dec 12, 2025

Sold (Public Record)

Public Record #1931525210

$210,000

+28.4% / yr

DateEvent & SourcePrice
12/27/2025

Sold

Realcomp #20250031634

$210,000
12/27/2025

Sold

MiRealSource #60390948

$210,000
12/12/2025

Sold (Public Record)

Public Record #1931525210

$210,000

+28.4% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7051 Joy Road

Taxable ValueLand-Additions-Total-
Tax Record2023$893 ($74 / month)
Home Facts
Beds0Baths4Total Finished SqFt3,762 SqFtAbove Grade Finished SqFt3,762 SqFtStories2Lot Size4,792 SqFtStyleSingle Family ResidenceYear Built1923ZoningR2CountyWAYNEAPN16004620.

Schools near 7051 Joy Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Sampsonwebber Leadership Academy
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7051 Joy Road, Detroit, MI 48204
$210,000
3,762
4,791
1.5
1,920
3,049
1,248
3,049
3,485
1
1,248
3,049
1
1,190
3,049

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rockefeller Realty

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.