Address
15860 Joy Rd Detroit, MI
Price
$ 3,300,000
Property Attributes
  • MLS#40201412
  • TypeCommercial
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48228
  • StyleCommercial/Industrial
  • Year Built1951
  • Taxes$ 28129
  • Price$ 3,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage36221
  • Lot Size1.72 Acres
Listing Provided Courtesy Of:
Front Page Properties
Data Source:
MiRealSource (MIRS) - 138 - MI
Property Description

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.

Price History
7/22/2021 Listed $3,500,000
9/12/2021 1% - $3,499,000
9/23/2021 3% - $3,399,000
10/4/2021 3% - $3,299,000

General Features

Class COM/IND/BUS OPP
Commercial Features Cable TV Available
Directions North of Joy Rd and West of Greenfield
Financial Terms Cash
Heating Forced Air
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Private
Roof Asphalt
Source Mls MI Real Source
Status Active
Status Active
Subdivision FRISCHKORNS JOY ROAD (PLATS)
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Water Heater Gas
Year Built 1951
Zoning Multi-Family, Residential

Interior Features

Fuel Type Natural Gas

Exterior Features

Sale Includes Inventory
Exterior Brick
Foundation Type Basement
Frontage 497
Lot Dimensions 497x150
Lot Size Area 1.72
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 48228

Price
AVG $800K
$3.3M
Taxes
AVG $6,534
$28,129
Visits
AVG 33
6
Year Built
AVG 1958
1951
Walkscore
AVG 59
60
Data Provided by Walkscore ® not using MLS data