$3,900,000

15860 Joy Road, Detroit, MI 48228

  • 60 baths |
  • 84,557 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1951
  • Property Lot Size Icon1.72acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $46/sqft
  • Property List Date Icon Listed 16 days ago

Property 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.

Listing Status:
Active
Data Last Updated:
July 21, 2026 at 7:43AM
Listing Office:
KW Domain : 2485900800
Listing Agent:
Lauryn Johnson : 2482072994
MLS ID:
20261053315
  • Basement: FinishedFull
  • Heating: Forced airNatural gas
  • Style: Upper lower apartment
  • Pool: None
  • General: BrickTwoBasementBrick mortarPoured
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Detroit
  • County: Wayne
  • Zoning: 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 PLATSW C R 22/714 496.70 IRREGW22I003043S001
  • Water: Public
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

This listing courtesy of Lauryn Johnson , KW Domain

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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