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15860 joy road Detroit, MI 48228

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For Sale
$4,450,000

Sixty-unit multifamily property in Detroit's Oakman Boulevard neighborhood.

Type:Multifamily
Property size:
48,336 SF
Lot size:
2.00 Acres
Added:
Nov 2, 2025
Days on Market:
151
Last Refresh:
Mar 17 at 1:16 pm

Property Features for 15860 joy road

General Information

Standard status
Active
Size
48,336 SF
Lot size
2.00 Acres
Property subtype
Multifamily

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Listing Contact
Lauryn Johnson

Listing agent Lauryn Johnson License #6501462908

Listing office KW Domain

Listing date Nov 2, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of KW Domain


Overview

Sixty-Unit Multifamily Property

Located six minutes from Dearborn, this 60-unit multifamily property is situated on a 2-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 400 square foot roof with high-definition shingles. Electrical systems have been upgraded in each unit. The property also features new windows, gutters, and trim. A newer heating system and new plumbing have been installed. Fresh paint and new carpet with underlayment have been added. All units are rented to Section 8 tenants, with monthly payments received from the federal government. Tenants are responsible for all utilities, allowing the complex to maintain cash flow.
Location Intelligence

Current Use by Public Records

Shcool Craft College High School

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

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 road Detroit, MI.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: All units rented to Section 8 tenants, ensuring a consistent and reliable income stream.; Generates approximately $50,000 per month in rental income.; Recent remodeling includes a new 40‑year roof, new windows, new gutters, new trim, new electrical systems, and new plumbing.
More about this property
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