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15860 Joy Road

Detroit, MI 48228
Square Ft.
48,336
Active
Multifamily
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$4,000,000
REDUCED! 100% OCCUPANCY! WELCOME TO GREENFIELD VILLAS!A;LOCATED 6 MINUTES FROM THE HISTORIC CITY OF DEARBORN YOU WILL FINDA;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… Read MoreRead Less
Provided through IDX through Realcomp II Ltd. Courtesy of KW Domain.
Listing Snapshot
Days Online
168
Last Updated
Property Type
Multifamily
Square Ft.
48,336
Lot Size
1.72 Acres
Year Built
1951
MLS Number
20251050723
30 Days Snapshot Of 48228
$65k
-11%
(avg) sold price
32
-20%
homes sold
60
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Finished, Basement?: 1
Building
60 total units, 60 leased units, 24 one-bedroom units, 36 two-bedroom units, Built in 1951, Remodelled in 2025, Architectural style: Upper/Lower Apartment, Brick, 48,336 total square feet, 84,557 combined square feet, 36,221 lower floor square feet, 36,221 total basement square feet, Unit count: 60
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 1.72, Lot size dimensions: 496X150.45
Miscellaneous
Gross scheduled income: $576,000, Income projection: Actual, Monthly rental income: $48,000, Net operating income: $476,000, Operating expense: $100,000
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $27,883, Tax amount (winter): $3,003
Sewer
Sewer (Sewer-Sanitary)
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Nizar Souwaidan
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Schools In The Area

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Henderson Academy 313-852-0512 Public KG-8
Cody High School 313-866-9200 Public 9-12
Henderson Academy 313-852-0512 Public KG-8
Henderson Academy 313-852-0512 Public KG-8
Henderson Academy 313-852-0512 Public KG-8
Cody High School 313-866-9200 Public 9-12

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IDX provided courtesy of Realcomp II Ltd., via Keller Williams Legacy and Nizar Souwaidan, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX provided courtesy of Realcomp II Ltd., via Keller Williams Legacy and Nizar Souwaidan, Listing Information © Realcomp II Ltd. Shareholders. All Rights Reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.