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.
For sale
Price cut: $250K (11/17)
$4,500,000
15860 Joy Rd, Detroit, MI 48228
96beds
84,557sqft
Est.:
Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$53/sqft
$-- HOA
What's special
Brand new plumbingFreshly rolled paintNewer heating system
- 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#: 20251050723
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
Estimated market value
Not available
Estimated sales range
Not available
$1,128/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/17/2025 | Price change | $4,500,000-5.3%$53/sqft |
Source: | ||
| 11/9/2025 | Price change | $4,750,000-1%$56/sqft |
Source: | ||
| 11/2/2025 | Listed for sale | $4,800,000+45.5%$57/sqft |
Source: | ||
| 12/23/2021 | Listing removed | -- |
Source: | ||
| 10/15/2021 | Price change | $3,300,000+0%$39/sqft |
Source: | ||
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
- 3/10Henderson AcademyGrades: PK-8Distance: 0.4 mi
- 2/10Cody High SchoolGrades: 9-12Distance: 1 mi
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