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15860 Joy, Detroit, MI 48228

Detroit
Local realty services provided by:CENTURY 21 Signature Realty
15860 Joy,Detroit, MI 48228
$3,900,000
  • - Beds
  • 60 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: lauryn johnson
Office: kw domain
MLS#:61010589
Source:MI_REALSOURCE

Price summary

  • Price:$3,900,000

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 #:61010589
  • Added:31 day(s) ago
  • Updated:August 14, 2026 at 10:32 AM

Rooms and interior

  • Total bathrooms:60
  • Full bathrooms:60
  • Basement Description:Finished, Poured

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1951
  • Lot area:1.72 Acres
  • Construction Materials:Brick
  • Foundation Description:Basement, Poured
  • Levels:2 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$3,900,000
  • Tax amount:$30,886
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