15860 Joy Road Detroit, MI 48228
Apartments,Real Estate Only - Detroit, MI
Property size:
36,221 SFLot size:
1.72 AcresPrice / SF:
$121/SF- Added:
- Nov 1, 2025
- Days on Market:
- 180
- Last Refresh:
- Apr 29 at 8:06 pm
Property Features for 15860 Joy Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Multi-Family
- Standard status
- Active
- APN
- W22I003043S001
- Size
- 36,221 SF
- Lot size
- 1.72 Acres
Taxes and HOA fees
- Tax Annual Amount
- 30886
Building Details
- Year built
- 1951
- Building materials
- Brick
- Architectural style
- Other
Listing agent Lauryn Johnson (248) 207-2994
Listing office KW Domain 210 S Old Woodward Ave Suite 200, Birmingham, MI (248) 590-0800
Listing date Nov 1, 2025
MLS# 20251050711
Listing URL
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Overview
Detroit Multifamily Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shcool Craft College
High School
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2022702
- Latitude
- 42.358451
Nearby Similar for Sale
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.
