15860 Joy Road, Detroit, MI 48228

Building Details

Year built

1951

Building materials

Brick

Architectural style

Other

Listing agent Lauryn Johnson Show Phone

Listing office KW Domain k***@kw.com 210 S Old Woodward Ave Suite 200, Birmingham, MI Show Phone

Listing date Nov 1, 2025

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MLS# 20251050711 Listing URL

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.

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Overview

Located approximately six minutes from Dearborn, this 60-unit apartment complex, known as Greenfield Villas, is situated on a 1.72-acre lot in the Oakman Boulevard neighborhood. The property features 36 two-bedroom and 24 one-bedroom apartments. The building has been recently remodeled, including a new 400 square foot, 40-year roof with high-definition shingles and updated electrical systems in each unit. Additional improvements include new windows, gutters, and trim. The property also features a newer heating system and new plumbing. The apartments have been updated with fresh paint and new carpet with underlayment. All units are occupied by Section 8 tenants, generating a monthly income of just under $50,000, paid by the federal government. Tenants are responsible for all utilities. The property is 36,221 square feet and is located in Detroit, MI.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Detroit

County

Wayne

State

Michigan

Longitude

-83.2022702

Latitude

42.358451

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FAQs

What type of property is this?

Apartment building - Sixty-unit apartment complex near Dearborn, fully occupied with Section 8 tenants.

Where is this apartment building located?

The property is located at 15860 Joy Road Detroit, MI.

What is the asking price?

The asking price for this property is $4,400,000.

What are key features of this property?

This property features: 100% Occupancy with Section 8 Tenants: Guarantees consistent rental income.; High Monthly Income: Generates just under $50,000 per month in rental income.; Recently Remodeled: Features a new roof, electrical systems, windows, gutters, and plumbing.