15860 Joy Road
Description
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...Reduced! 100% occupancy! 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.
- Listed by Lauryn Johnson • Brokerage DRE #6505391898 • KW DomainP: (248)-207-2994 C: (248)-207-2994 laurynlojo@gmail.com
Property Details for 15860 Joy Road
Property Details for 15860 Joy Road
| Status | Active |
|---|---|
| MLS # | 20261053315 |
| Days on Market | 7 |
| Taxes | $30,886 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income / Multi Family |
| Year Built | 1951 |
| Lot Size | 1.72 AC / 74,923 SF |
| County | Wayne County |
Location
Building Information for 15860 Joy Road
Payment Calculator
$22,008 per month
30 year fixed, 6.36% Interest
$19,434
$2,574
$0
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1Property Information for 15860 Joy Road
- Directions: S on Southfield Fwy, E on Joy Rd, Building is on the Right
- Latitude: 42.358484
- Longitude: -83.202246
- Cross Street: Greenfield Rd & Southfield Fwy
- MLS Area Major: Area05092Det Joy Dbn Ht Grnfld Limits
- Parcel Number: W22I003043S001
- Tax Amount Summer: $27,883.00
- Tax Amount Winter: $3,003.00
- Tax Annual Amount: $30,886.00
- Tax Assessed Value: $377,108.00
- Tax Legal Description: N JOY RD 30 THRU 7 6 EXC E 12 FT OF S 110 FT 5 THRU 1 EXC S 110 FT FRISCHKORNS JOY RD SUB L70 P57 PLATS, W C R 22/714 496.70 IRREG
- High School District: Detroit
- Attached Garage: No
- Garage: No
- Lot Size Acres: 1.72
- Lot Size Dimensions: 496X150.45
- Lot Size Units: Acres
- Road Frontage Feet: 40
- Road Frontage Type: Paved
- State Equalized Value: 838700.0
- Living Area: 84557.0
- Above Grade Finished Area: 48336.0
- Below Grade Finished Area: 36221.0
- Above Grade Finished Area Units: Square Feet
- Below Grade Total Area: 36221.0
- Class Name: Residential Income
- Living Area Source: Assessor
- New Construction: No
- Year Built: 1951
- Construction Materials: Brick
- Foundation Details: Basement, Brick Mortar, Poured
- Levels: Two
- Year Remodeled: 2025
- Sewer: Public Sewer
- Water Source: Public
- Bathrooms Total Notational: 60.0
- Basement: Finished, Full
- Has Basement: Yes
- Bathrooms Full: 60
- Bathrooms Total Integer: 60
- Has Cooling: No
- Fireplace: No
- Heating: Forced Air, Natural Gas
- Has Heating: Yes
- Number of Units Leased: 60
- Number of Units Total: 60
- Gross Scheduled Income: $576,000.00
- Net Operating Income: $476,000.00
- Operating Expense: $100,000.00
- Public GLR Website: Yes
- Monthly Rental Income: $48,000.00
- Existing Lease: Yes
- Pets Allowed: No
Property History for 15860 Joy Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 12, 2026 | Listed (Active) Realcomp #20261053315 | $3,900,000 | — |
| Jul 11, 2026 | Temporarily Off Market MiRealSource #60950143 | — | |
| Jul 10, 2026 | Temporarily Off Market MiRealSource #60950143 | — | |
| Jul 10, 2026 | Temporarily Off Market MiRealSource #60950143 | $3,999,950 | — |
| Jul 10, 2026 | Temporarily Off Market Realcomp #20251050723 | $3,999,950 | — |
| Apr 18, 2026 | Price Change MiRealSource #60950143 | $4,000,000 | — |
| Nov 2, 2025 | Listed (Active) Realcomp #20251050723 | $4,800,000 | — |
| Nov 1, 2025 | Listed (Active) MiRealSource #60950143 | $4,800,000 | — |
| Dec 22, 2021 | Temporarily Off Market MiRealSource #40201843 | $3,300,000 | — |
| Jul 22, 2021 | Listed (Active) MiRealSource #40201843 | $3,500,000 | — |
| Mar 31, 2004 | Sold (Public Record) Public Record #241139694 | $1,412,500 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/12/2026 | Listed (Active) Realcomp #20261053315 | $3,900,000 |
| 07/11/2026 | Temporarily Off Market MiRealSource #60950143 | — |
| 07/10/2026 | Temporarily Off Market MiRealSource #60950143 | — |
| 07/10/2026 | Temporarily Off Market MiRealSource #60950143 | $3,999,950 |
| 07/10/2026 | Temporarily Off Market Realcomp #20251050723 | $3,999,950 |
| 04/18/2026 | Price Change MiRealSource #60950143 | $4,000,000 |
| 11/02/2025 | Listed (Active) Realcomp #20251050723 | $4,800,000 |
| 11/01/2025 | Listed (Active) MiRealSource #60950143 | $4,800,000 |
| 12/22/2021 | Temporarily Off Market MiRealSource #40201843 | $3,300,000 |
| 07/22/2021 | Listed (Active) MiRealSource #40201843 | $3,500,000 |
| 03/31/2004 | Sold (Public Record) Public Record #241139694 | $1,412,500 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 15860 Joy Road
Schools near 15860 Joy Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | PK to 8 | |||
| Public - | PK to 8 | |||
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Foreign Language Immersion And Cultural Studies PublicPK to 8 | ||
Bates Academy PublicPK to 8 | ||
Henderson Academy PublicPK to 8 | ||
Detroit International Academy For Young Women PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of KW Domain
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