15860 Joy

Detroit, MI 48228
  • $4,000,000

    Price
  • 60

    Bath
  • 48,336

    SqFt
  • 1.72

    Acre

About the Listing 97364 - RC424283

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 NEWER 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.

Listing Highlights for 15860 Joy

Status Active
Days on Site 22
Property Type Multi-Family
MLS ® 61038964
Year Built 1951
Total Square Footage 48,336
Lot/Acreage 1.72

Interior Details

  • Bathrooms: 60 Full
  • Appliances:
  • Air Cond:
  • Heating: Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 48336
  • Basement: Finished,Poured
  • Other:
  • Water: Public Water

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 496X150.45
  • Zoning: Multi-Family
  • Roof:
  • Others:
  • Sewer:

Financial Details

  • Tax Amount: $30,886
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

Payment Calculator

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Listing Location

Questions About..

15860 Joy Detroit, MI 48228

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Originating MLS: RealComp

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Melanie Lovati

Associate Broker | Innovation RES | Innovation Real Estate Specialists

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