For Sale
15860 Joy Road, Detroit, MI 48228
$3,900,000
MLS # 20261053315 (Realcomp)
Built 19511.72 acres
1 / 99
Listing Description
REDUCED! 100% OCCUPANCY! WELCOME TO GREENFIELD VILLAS!LOCATED 6 MINUTES FROM THE HISTORIC CITY OF DEARBORN YOU WILL FINDTHIS 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.
Source: SparkMLS
About this home
Located in Brooks in Detroit, this property offers 60-bath, with original construction dating to 1951.
Currently offered at $3,900,000.
Property tax estimate: $64,890 per year ($5,408/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms60
Lot Size1.72 acres
Year Built1951
Location
CityDetroit
Zip Code48228
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed7/4/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$36,577
Tax Year2025
State Equalized Value$1,011,000
Assessed Value$1,011,000
Parcel #22003043.001
Source: Public Records
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
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Lauryn Johnson
KW Domain
Frequently Asked Questions about 15860 Joy Road, Detroit, MI 48228
What school district is 15860 Joy Road, Detroit, MI 48228 in?
Per MLS# 20261053315, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261053315, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261053315, the most recent reported annual property tax for 15860 Joy Road, Detroit, MI 48228 is $30,886. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 15860 Joy Road, Detroit, MI 48228 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 15860 Joy Road, Detroit, MI 48228 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$64,890
Monthly$5,408
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
$
$
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Monthly payment$30,703
Principal & interest$25,295
Property taxes$5,408
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
15860 Joy Road, Detroit, MI 48228
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Neighborhood
Brooks
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Community
Detroit
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County
Wayne County
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