15860 Joy Road
Detroit, MI, 48228
$4,000,000
Beds
60 Baths
0 SqFt
1.72 Acres
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$4,000,000
15860 Joy Road
Detroit, MI, 48228
MLS #20251050723 image #0
REDUCED! 100% OCCUPANCY! WELCOME TO GREENFIELD VILLAS!LOCATED 6 MINUTES FROM THE HISTORIC CITY OF DEARBORN YOU WILL FINDTHIS 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

Price:
$4,000,000
MLS #:
20251050723
Status:
Active
Beds:
0
Baths:
60
Type:
Single Family
Listed Date:
Nov 1, 2025
Lot Size:
74,923 sqft / 1.72 acres (approx)
Year Built:
1951
Detroit

Schools

School District:
Detroit

Interior

Heating
Forced Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$476,000
Taxes
$30,886
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Current real estate data for Single Family in Detroit as of Apr 30, 2026
3,728
Single Family Listed
143
Avg DOM
84
Avg $ / SqFt
$150,748
Avg List Price

Community

Subdivisions in Detroit

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Property Summary

    15860 Joy Road Detroit MI is a Single Family for sale in Detroit, MI, 48228. It is listed for $4,000,000 and features 0 beds, 60 baths, and has approximately 0 square feet of living space, and was originally constructed in 1951. The average price per square foot for Single Family listings in Detroit is $84. The average listing price for Single Family in Detroit is $150,748.
15860 Joy Road
Detroit, MI

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