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For sale
  • Price cut: $250K (11/17)
    $4,500,000

    15860 Joy Rd, Detroit, MI 48228

    96beds
    84,557sqft
    : 
    Multi Family
    Built in 1951
    -- sqft lot
    $-- Zestimate®
    $53/sqft
    $-- HOA

    What's special

    Brand new plumbingFreshly rolled paintNewer heating system
    REDUCED! WELCOME TO GREENFIELD VILLAS! LOCATED 6 MINUTES FROM THE HISTORIC CITY OF DEARBORN YOU WILL FIND THIS 60 UNIT ALL SECTION 8 COMPOUND NESTLED ON A 2 ACRE LOT IN THE QUIET OAKMAN BOULEVARD NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL IS RECENTLY REMODELED AND BOASTS 36 TWO BEDROOM 24 ONE BEDROOM APARTMENTS. SHE HAS BEEN CAREFULLY UPGRADED STARTING FROM THE 400 SQUARE BRAND NEW 40 YEAR ROOF WITH HIGH DEFINITION SHINGLES TO EVERY INCH OF ELECTRICAL IN EACH UNIT. SPEAKING OF BRAND NEW, THIS DIAMOND SHINES BRIGHT THROUGH EACH AND EVERY NEW WINDOW, NEW GUTTER AND NEW PIECE OF TRIM. IN ADDITION, THIS BEAUTY HAS A NEWER HEATING SYSTEM AND BRAND NEW PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. MOREOVER, SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. EVERY UNIT IS TO BE RENTED TO SECTION 8 TENANTS. THE TENANTS PAY ALL THE UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN JUST UNDER 20% CASH ON CASH THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER’S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.
    67 days
    |
    1,351
    |
    66
    |

    Zillow last checked: 8 hours ago

    Listing updated: December 10, 2025 at 09:57am

    Listed by:

    Lauryn Johnson 248-207-2994,

    KW Domain 248-590-0800

    Source: Realcomp II,MLS#: 20251050723MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 96
    • Bathrooms: 60
    • Full bathrooms: 60
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Finished,Full
    • Has fireplace: No
    Interior area
    • Total interior livable area: 84,557 sqft
    • Finished area above ground: 48,336
    • Finished area below ground: 36,221

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 1.72 Acres
    • Dimensions: 496 x 150.45
    Details
    • Parcel number: W22I003043S001
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Upper Lower Apartment
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Brick Mortar, Poured
    Condition
    • New construction: No
    • Year built: 1951
    • Major remodel year: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: FRISCHKORNS JOY ROAD
    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $53/sqft
    • Tax assessed value: $377,108
    • Annual tax amount: $30,886
    • Date on market: 11/2/2025
    • Cumulative days on market: 67 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,128/mo

    Price history

    Price history
    DateEventPrice
    11/17/2025Price change$4,500,000-5.3%$53/sqft
    Source: Realcomp II #20251050723 Report a problem
    11/9/2025Price change$4,750,000-1%$56/sqft
    Source: Realcomp II #20251050723 Report a problem
    11/2/2025Listed for sale$4,800,000+45.5%$57/sqft
    Source: Realcomp II #20251050723 Report a problem
    12/23/2021Listing removed--
    Source: Realcomp II #2210059194 Report a problem
    10/15/2021Price change$3,300,000+0%$39/sqft
    Source: Realcomp II #2210059194 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $25,887/mo
    Principal & interest
    $17449
    Property taxes
    $6863
    Home insurance
    $1575

      Climate risks

      Neighborhood: Grandale

      Nearby schools

      GreatSchools rating
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