15860 Joy Road

—
Beds
48,336 Sq. Ft.
$83 / Sq. Ft.
48,336
Sq. Ft.
$83
per Sq. Ft.

Description

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...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.
  1. Listed by Lauryn Johnson • KW Domain
    P: (248)-207-2994 C: (248)-207-2994 laurynlojo@gmail.com

Property Details for 15860 Joy Road

Architectural Style
2 Story
Subdivision Name
Frischkorns Joy Road
Waterfront
No
Zoning Description
Multi-Family
LISTING UPDATED: 06/18/2026 11:17 PM

Property Details for 15860 Joy Road

StatusActive
MLS #60950143
Days on Market231
Taxes$30,886 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1951
Lot Size1.72 AC / 74,923 SF
CountyWayne County

Location

Listing Courtesy of KW Domain
Add your commute

Building Information for 15860 Joy Road

Stories2Residences60Year Built1951Building Size-Lot Size1.72 AC / 74,923 SF

Payment Calculator

$22,506 per month

30 year fixed, 6.36% Interest

Principal and Interest

$19,932

Property Taxes

$2,574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 15860 Joy Road

Summary
Location and General Information
  • Cross Street: Greenfield Rd & Southfiel
  • Directions: S on Southfield Fwy, E on Joy Rd, Building is on the Right
  • Latitude: 42.35846201
  • Longitude: -83.202669
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W22I003043S001
  • Tax Annual Amount: $30,886.00
Property
Lot Information
  • Frontage Length: 40.0
  • Lot Size Acres: 1.72
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 48336.0
  • Building Area Total: 48336.0
  • Custom 2: Yes
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Raw Mls Bathrooms Total: 60.0
  • Raw Mls Documents Count: 1
  • Raw Mls Lot Size: 496X150.45
  • Raw Mls Modification Timestamp: 06-18-2026 11:12:38 PM
  • Raw Mls Photos Change Timestamp: 01-29-2026 07:18:50 PM
  • Raw Mls Photos Count: 99
  • Raw Mls Property Sub Type: Multi-Family
  • Raw Mls Stories Total: 2.0
  • Year Built: 1951
Building Features
  • Construction Materials: Brick
  • Stories Total: 2
Utilities
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Finished
  • Basement: Yes
  • Bathrooms Full: 60
  • Bathrooms Total Integer: 60
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 60
Income & Expenses
  • Net Operating Income: $476,000

Property History for 15860 Joy Road

DateEvent & SourcePriceAppreciation
Apr 18, 2026

Price Change

MiRealSource #60950143

$4,000,000—
Nov 1, 2025

Listed (Active)

MiRealSource #60950143

$4,800,000—
Dec 22, 2021

Temporarily Off Market

MiRealSource #40201843

$3,300,000—
DateEvent & SourcePrice
04/18/2026

Price Change

MiRealSource #60950143

$4,000,000
11/01/2025

Listed (Active)

MiRealSource #60950143

$4,800,000
12/22/2021

Temporarily Off Market

MiRealSource #40201843

$3,300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 15860 Joy Road

Taxable ValueLand-Additions-Total-
Tax Record2023$30,200 ($2,517 / month)
Home Facts
Total Finished SqFt36,221 SqFtAbove Grade Finished SqFt36,221 SqFtStories2Lot Size74,923 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951ZoningB4CountyWAYNEAPN22003043.001

Schools near 15860 Joy Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
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.

Similar Homes

15860 Joy Road is a multi-family home for sale in Detroit, MI 48228. This property was listed for sale on November 1, 2025 by KW Domain, it's currently listed at $4,000,000. It has been on the market for a total of 231 days and was last sold on March 31, 2004. This listing's school district is Detroit Public Schools Community District. Nearby schools include Foreign Language Immersion And Cultural Studies, Bates Academy and Henderson Academy. 15860 Joy Road is a 0-bed, 60-bath, 48,336 sqft multi-family home built in 1951.

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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