Active

15860 Joy Road

Detroit, Michigan 48228

$4,000,000 $16,864/Mo

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Overview

Bed

Bath

48,336

Sqft

1.72

Acres(Lot)

Description

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 AROUND A LUCKY OWNER’S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Property Details

Property Type : Multifamily

Price : $4,000,000

AD Id : 68576095

MLS Id : 20251050723

Beds : 96

Lot Size : 1.72 Acres

Living Area Size : 48,336

Year Built : 1951

County : Wayne

Subdivision: Stacks Lovett Ave (plats)

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 60 Full Baths: 60
Interior Features

Basement Description: Finished
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1951 Building Stories: 2 Story Total Units: 60 Foundation/Basement: Basement Architecture: Upper/Lower Apartment
Exterior Features

Construction: Brick
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 1.72 Lot Dimensions: 496X150.45 Frontage Feet: 40
Property Information

SQ ft: 48336 Subdivision: Frischkorns Joy Road Financing: Cash,Conventional

Listing Price Information

Original List Price: $4,800,000
Listing Information

Possession: At Close Legal Description: N JOY RD 30 THRU 7 6 EXC E 12 FT OF S 110 FT 5 THRU 1 EXC S 110 FT FRISCHKORNS JOY RD SUB L70 P57 PLATS, W C R 22/714 496.70 IRREG

Tax Information

Annual Tax: $30,886 Parcel Number: W22I003043S001
Possession

At Close
Legal Information

Legal Description: Section: N JOY RD 30 THRU 7 6 EXC E 12 FT OF S 110 FT 5 THRU 1 EXC S 110 FT FRISCHKORNS JOY RD SUB L70 P57 PLATS, W C R 22/714 496.70 IRREG

Unit 1 Information

# of Bedrooms: 24
Unit 2 Information

# of Bedrooms: 36

School Information

School District: Detroit
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
8207 Schaefer Highway , Detroit, MI, 48228	$2,600,000	--	36.5	28,406	28,406 SqFt
15310 W Chicago , Detroit, MI, 48228	$299,000	12	6	905	905 SqFt
7285 Winthrop Street , Detroit, MI, 48228	$179,900	3	2	1,700	1,700 SqFt
15953-57 Kramer Street , Detroit, MI, 48228	$48,500	4	2	1,697	1,697 SqFt
6886 Grandville Avenue , Detroit, MI, 48228	$159,900	4	2	1,742	1,742 SqFt

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 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., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/13/2026 @ 02:41

MLS: 20251050723 LISTED BY: Lauryn Johnson , KW Domain 248-590-0800 SOURCE: Realcomp II Ltd