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15860 Joy Rd Detroit, MI 48228

For Sale
$4,500,000

Apartments,Real Estate Only - Detroit, MI

Property size:
36,221 SF
Lot size:
1.72 Acres
Days on Market:
16
Last Refresh:
Dec 5 at 3:06 am

Property Features for 15860 Joy Rd

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
Multi-Family
APN
W22I003043S001
Size
36,221 SF
Lot size
1.72 Acres

Building Details

Year built
1951
Building materials
Brick
Architectural style
Other

KW Domain Birmingham (248) 590-0800 [email protected]

Listing agent Lauryn Johnson (248) 590-0800

Listing date Nov 20, 2025

MLS# 20251050711 Listing URL

Copyright © 2025 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.


Overview

Detroit Multifamily Investment Opportunity

Located approximately six minutes from Dearborn, this 60-unit multifamily property, known as Greenfield Villas, is situated on a 1.72-acre lot in the Oakman Boulevard neighborhood of Detroit. The property consists of 36 two-bedroom and 24 one-bedroom apartments. The building has been remodeled, including a 400 square foot roof with shingles, updated electrical systems in each unit, new windows, gutters, and trim. The property also features a newer heating system and new plumbing. Fresh paint and new carpet with underlayment have been installed. All units are rented to Section 8 tenants, with monthly rental income just under $50,000. Tenants are responsible for all utilities. The property size is 36,221 square feet.
Property Profile Location Intelligence

Current Use by Public Records

Shcool Craft College School

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

FAQs

What type of property is this?
Apartment building - Sixty-unit multifamily property in Detroit's Oakman Boulevard neighborhood.
Where is this apartment building located?
The property is located at 15860 Joy Rd Detroit, MI.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - All units rented to Section 8 tenants, ensuring consistent income paid by the federal government.; - Generates approximately $50,000 in monthly rental income.; - **Recently remodeled with a new 40-year roof, new windows, new gutters, new trim, new plumbing, and updated electrical systems.**
More about this property
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