15860 Joy Road, Detroit, MI 48228
Local realty services provided by:CENTURY 21 Dynamic Realty
15860 Joy Road,Detroit, MI 48228
$4,500,000
- - Beds
- 60 Baths
- 84,557 sq. ft.
- Multi-family
- Active
Listed by: lauryn johnson
Office: kw domain
MLS#:20251050723
Source:MI_REALCOMP
Price summary
- Price:$4,500,000
- Price per sq. ft.:$53.22
About this home
REDUCED! 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.
Contact an agent
Home facts
- Year built:1951
- Listing ID #:20251050723
- Added:44 day(s) ago
- Updated:December 16, 2025 at 11:00 AM
Rooms and interior
- Total bathrooms:60
- Full bathrooms:60
- 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
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,500,000
- Price per sq. ft.:$53.22
- Tax amount:$30,886
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