About This Home

This -bedroom, -bathroom residential multi family at 15860 Joy Road in Detroit, MI is listed for $4,000,000 ($83 per sqft). Built in 1951, the home offers 48,336 sqft of living space on a 1.72 acres lot.

Key Features

  • Built in 1951
  • 1.72 acre lot
  • 2 stories

Property Details

2 stories
60 full
1951
Listing Description

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 NEWER 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.

Monthly Cost Estimate

$21,393/mo

20% down · 6.5% · 30 years

Principal$2,893
Interest$17,333
Insurance$1,167

Estimates only. Actual payments may vary.

Location

15860 Joy Road

Detroit, MI 48228

Frischkorns Joy Road

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This null-bedroom, null-bathroom residential multi family at 15860 Joy Road is listed at $4,000,000 ($83/sqft). The estimated monthly payment is $21,393 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1951, 1.72 acre lot, 2 stories.

This property is listed by Marta Kopania.

MK

Marta Kopania

Agent at Downtown Realty

Listed by Downtown Realty · Broker phone: (313) 466-7253 · View on Broker Site · Broker website

MLS# 20261083592· Source: Realcomp Limited II· 13 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

15860 Joy Road, Detroit, MI 48228

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