15860 Joy Road
Detroit, MI 48228

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Description

REDUCED! 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.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48228
• Year Built: 1951
• School District: Detroit
• Basement: Yes
• Lot Size: 1.72 acres
• Construction Materials: Brick
• Directions: S on Southfield Fwy, E on Joy Rd, Building is on the Right
• Gross Income: 576000
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 1.72
• Lot Size Square Feet: 74923.2
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Operating Expense: 100000
• Parcel Number: W22I003043S001
• Road Frontage: 40
• SEV: 838700
• Street Type: Paved
• Tax Annual Amount: 30886
• Tax 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
• Total Approx Sq Ft All Bldgs: 48336
• Total Num Units: 60
• Water Source: Public