BEDS0
BATHS60 full
SQUARE FEET48,336
MLS#20261053315
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFrischkorns Joy Road
SCHOOLDetroit
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Upper/Lower Apartment
Lot Size: 1.72 Acres
Year Built: 1951
Feature Descriptions
Architecture: Upper/Lower Apartment
Exterior: Brick
Foundation: Basement
Frontage Feet: 40
Lot Dimensions: 1.72 Acre(s)
Lower Level Finished Sqft: 36221
Road Frontage: Paved
Summer Tax: $27883.0000
Winter Tax: $3003.0000
Year Remoldeled: 2025
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: KW Domain
Agency Phone: (248) 590-0800
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 22,952.99 per month $21,815.49 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,137.50 Homeowner's Insurance
15860 Joy Road | MLS# 20261053315
This multi-family property located at 15860 Joy Road , Detroit, MI 48228 is currently listed for sale with an asking price of $3,900,000. Joy Road is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.