15860 Joy Road, Detroit, MI 48228

Detroit
Local realty services provided by:ERA Prime Real Estate Group
15860 Joy Road,Detroit, MI 48228
$3,900,000
  • - Beds
  • 60 Baths
  • 84,557 sq. ft.
  • Multi-family
  • Active
Listed by: lauryn johnson
Office: kw domain
MLS#:20261053315
Source:MI_REALCOMP

Price summary

  • Price:$3,900,000
  • Price per sq. ft.:$46.12

About this home

REDUCED! 100% OCCUPANCY! WELCOME TO GREENFIELD VILLAS! LOCATED 6 MINUTES FROM THE HISTORIC CITY OF DEARBORN YOU WILL FIND THIS 60 UNIT ALL SECTION 8 COMPOUND NESTLED ON A 2 ACRE LOT IN THE QUIET OAKMAN BOULEVARD NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 36 TWO BEDROOM 24 ONE BEDROOM APARTMENTS. SHE HAS BEEN CAREFULLY UPGRADED STARTING FROM THE 400 SQUARE BRAND NEW 40 YEAR ROOF WITH HIGH DEFINITION SHINGLES TO EVERY INCH OF ELECTRICAL IN EACH UNIT. SPEAKING OF BRAND NEW, THIS DIAMOND SHINES BRIGHT THROUGH EACH AND EVERY NEW WINDOW, NEW GUTTER AND NEW PIECE OF TRIM. IN ADDITION, THIS BEAUTY HAS A NEWER HEATING SYSTEM AND BRAND NEW PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. EVERY UNIT IS TO BE RENTED TO SECTION 8 TENANTS. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH THIS DIAMOND WILL BE WRAPPED...

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Home facts

  • Year built:1951
  • Subdivision & Development:FRISCHKORNS JOY ROAD
  • Listing ID #:20261053315
  • Added:33 day(s) ago
  • Updated:August 14, 2026 at 10:04 AM

Rooms and interior

  • Total bathrooms:60
  • Full bathrooms:60
  • Basement Description:Finished, Full
  • Living area:84,557 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1951
  • Building area:84,557 sq. ft.
  • Lot area:1.72 Acres
  • Architectural Style:Upper Lower Apartment
  • Construction Materials:Brick
  • Foundation Description:Basement, Brick Mortar, Poured
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,900,000
  • Price per sq. ft.:$46.12
  • Tax amount:$30,886
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