15860 Joy Road, Detroit City, MI 48228
FRISCHKORNS JOY ROAD · Wayne County
Key Facts
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 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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
UpperLowerApartment
Year Built
1951
Living Area
84,557 sq ft
Lot Size
1.72 acres
Lot Dimensions
496X150.45
Days on Market
7
MLS® Listing#
20261053315
Property Features
- Cooling:
- None
- Heating:
- Forced Air, Natural Gas
- Basement:
- Finished, Full
- Pool:
- None
- Construction:
- Brick
- Foundation:
- Brick/Mortar
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $30,886
- Assessed Value:
- $377,108
- Parcel #:
- W22I003043S001
Directions
S on Southfield Fwy, E on Joy Rd, Building is on the Right
Affordability Calculator
$780,000
Estimated monthly payment
$20,757/mo
Principal $3,120,000 · Est. interest $4,352,678 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $231,784
- Median Listing Price
- 81
- Median Days on Market
- 1,425
- Median Sq Ft
- $146
- Median Price / Sq Ft
- 13,948
- Active Listings
- This home’s price is 1583% above the area median.
- Its price per sq ft is 68% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
- 15860 Joy Road, Detroit City, MI 48228
Nearby Schools
Tot Town Child Dev Center
School · 0.3 mi away
Temple of Faith Baptist Church
School · 0.4 mi away
Henderson Academy
Secondary · 0.4 mi away
Detroit Premier Academy
School · 0.6 mi away
Breithaupt Career and Technical Center
Secondary · 0.9 mi away
Cody High School
Secondary · 1.0 mi away
Iia International Islamic Academy
School · 1.1 mi away
Detroit Innovation Academy
School · 1.1 mi away
Ruddiman Middle School
School · 1.1 mi away
Oakman Elementary School
Elementary · 1.2 mi away
McCollough/Unis School
Elementary · 1.3 mi away
Atonement Lutheran Church
School · 1.3 mi away
Gardner Elementary School
Elementary · 1.3 mi away
Maples Elementary School
Elementary · 1.4 mi away
Tawheed Center
School · 1.4 mi away
Way Academy
School · 1.5 mi away
McFarlane Elementary School
Elementary · 1.5 mi away
St Alphonsus High School
Secondary · 1.6 mi away
Evergreen Lutheran School
School · 1.7 mi away
Dossin Elementary Middle School
Elementary · 1.7 mi away
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Nearby Homes
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EXIT Agents in Detroit City
Listing Courtesy: KW Domain - 2485900800
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