60-Unit Apartment
New
For Sale
$4,000,000
15860 Joy Rd, Detroit, MI 48228
Renovated apartments feature a one- and two-bedroom mix, with tenants responsible for utilities.
Property Size84,557 SF
Lot Size2.00 Acres
Days on Market2
Property Features for 15860 Joy Rd
General Information
Standard status
Active
Size
84,557 SF
Lot size
2.00 Acres
Property subtype
Investment
Units
Unit Mix
36 x 2BR, 24 x 1BR
Multifamily Units
60
Taxes and HOA fees
Annual Taxes
$30,886
Building Details
Building Size
84,557 SF
Year Built
1951
Units
60
Listing Agency:
Downtown Realty
Listed By:
Marta Kopania · License #6501424283
(734) 301-6553
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:05PM
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 Downtown Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 60-unit apartment property occupies 2 acres and includes 36 two-bedroom apartments and 24 one-bedroom apartments. Improvements include updated electrical systems in each unit, new windows, gutters, trim, paint, and carpeting, along with newer heating and plumbing systems. The building dates to 1951.
The units are intended for Section 8 tenancy, and tenants pay their utilities. The property is located on Joy Road in Detroit, approximately 6 minutes from Dearborn.
The units are intended for Section 8 tenancy, and tenants pay their utilities. The property is located on Joy Road in Detroit, approximately 6 minutes from Dearborn.
Key Highlights
- 60 apartments across a 2‑acre site
- Unit mix includes 36 two‑bedroom and 24 one‑bedroom apartments
- Units designated for Section 8 tenancy; tenants pay utilities
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
60
Residential units
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments feature a one- and two-bedroom mix, with tenants responsible for utilities.
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 $4,000,000.
What are key features of this property?
This property features: 60 apartments across a 2‑acre site; Unit mix includes 36 two‑bedroom and 24 one‑bedroom apartments; Units designated for Section 8 tenancy; tenants pay utilities
