15860 joy road Detroit, MI 48228
Sixty-unit multifamily property in Detroit's Oakman Boulevard neighborhood.
Type:Multifamily
Property size:
48,336 SFLot 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
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
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 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.
