15860 JOY, Detroit, Michigan 48228

$3,300,000
60
BA
36,221
SqFt
List Price
$3,300,000
Ownership
Private Owned, Short Sale - No
MLS#
2210059194
Status
ACTIVE
Bathrooms
60
Subdivision
FRISCHKORNS JOY ROAD (PLATS)

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.

Additional Information

Summer Taxes
25126
Winter Taxes
3004
Year Built
1951
Basement Type
Common
Total Number Of Units
2
Zoning
Multi-Family
No 1 Bedrooms
24
No 2 Bedrooms
36
Acres
1.72
Style
Common Entry Building
Acres
1.72
School District
Detroit
Heating
Forced Air

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Front Page Properties.

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