MI > Wayne > Detroit > 15860 Joy Road

$3,300,000

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  • 60 Units
  • 36,221 SqFt
  • MLS# 2210059194
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248-304-6700

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248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
MULTIPLE OFFERS HIGHEST AND DUE BY MONDAY 5PM!! PRO FORMA IN DOCUMENTS! NEW WINDOWS ON ORDER! CALLING ALL LONG TERM INVESTORS!!! THIS IS THE ONLY SECTION-8 60 UNIT APARTMENT BUILDING IN THE COUNTRY. 60 SECTION 8 HOMES UNDER ONE ROOF, ONE TAX BILL, ONE WATER BILL, 95% OCCUPIED, JUST UNDER $50,000 A MONTH IN GOVERNMENT GUARANTEED RENTS, 15% CASH ON CASH RETURNS AND SELLER IS RETIRING. CONVENIENTLY LOCATED NEAR FAIRLANE MALL, UNIVERSITY OF MICHIGAN-DEARBORN CAMPUS, ACCESS TO SOUTHFIELD AND 96 FREEWAYS. DOCUMENTS AND SHOWINGS ARE ONLY AVAILABLE DURING DUE DILIGENCE PERIOD WITH NDA, PROOF AND FUNDS AND ACCEPTED OFFER. TENANTS PAY ALL UTILITIES, NEWER MECHA NICALS, BRAND NEW ELECTRICAL PANELS, PARKING IN THE REAR. TEXT OR EMAIL ALL SERIOUS INQUIRIES.

Property Information

Status
Active 
Address
15860 Joy Road 
City
Detroit 
Zip
48228 
Year Built
1951 
Style
Common Entry Building 
Possession
At Close 
Architecture
2 Story 
Listing Date
07/22/2021 
Subdivision
Frischkorns Joy Road (plats) 
County
Wayne 
Above Grade SqFt
36,221 
Total No of Units
60 

School Information

School District
Detroit 

Taxes

Summer Taxes
$25,126 
Winter Taxes
$3,004 

Rooms and Land

Lot Dimensions
497.00X150.00 
Total Acres
1.72 

Features

Style
Common Entry Building 
Basement
Common 
Heating
Forced Air, Natural Gas 

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annual

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
2210059194 Oct 15 2021 12:04PM $3,300,000 $3,299,000 134
2210059194 Oct 4 2021 4:12PM $3,299,000 $3,399,000 134
2210059194 Sep 23 2021 10:46AM $3,399,000 $3,499,000 134
2210059194 Sep 11 2021 2:37PM $3,499,000 $3,600,000 134
2210058229 Aug 30 2021 10:17PM $3,600,000 $3,500,000 134
2210059194 Aug 30 2021 10:08PM $3,600,000 $3,500,000 134
2210059194 Active Jul 23 2021 10:46AM $3,500,000 134
2210058229 Active Jul 22 2021 1:17PM $3,500,000 134
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIRC Logo

Listing Courtesy of Front Page Properties
Office Address 3011 W Grand Blvd Ste 301

Real Estate One Family of Companies

15860 Joy Road Detroit
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$3,300,000
For Sale • No. of Units: 60