Fenkell Apartments

For Sale

23411 Fenkell , Detroit, MI 48223

This Detroit property for sale is located at 23411 Fenkell . The current listed sale price for Fenkell Apartments is $2,150,000. Fenkell Apartments is situated on a lot that is 2.27 acre in size.

Contacts

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116

Property Details

  • Property Type Multi-Family
  • Property Size 54,309 SF
  • Units 48
  • Lot Size 2.27 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1965
  • Date Updated Feb 11, 2024
Located on Fenkell Avenue near Telegraph Road.Introducing the Fenkell Apartments – an incredible investment opportunity in Detroit, MI! This multi-family complex, located at 23411 Fenkell, Detroit, MI 48223, is now available for sale at a price of $2,150,000. Spanning over 54,309 square feet and sitting on a spacious 2.27-acre lot, Fenkell Apartments boasts a well-maintained courtyard and newly installed exterior lighting. With separate electric metering and recently refurbished boilers, this property offers convenience and peace of mind for both tenants and future owners. The building comprises 48 units of various sizes, including 22 one-bedroom units and 26 two-bedroom units, each with comfortable living spaces and balconies rebuilt to city code. The potential for rental income is substantial, with a projected Net Operating Income of $154,174 and a cap rate of 7.17%. Located in a thriving and densely populated area, Fenkell Apartments enjoys easy access to a range of amenities, shopping centers, and employment opportunities, making it an attractive prospect for both investors and renters. Don't miss out on this fantastic opportunity to acquire the Fenkell Apartments in Detroit. Contact us today for more information!

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Highlights

  • Courtyard
  • New exterior lighting
  • Separate electric metering
  • Recently refurbished boilers
  • Balconies rebuilt to city code

Getting around

  • 37/100

    Walk Score ®

  • 30/100

    Transit Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Detroit, MI
  • Neighborhood Brightmoor
  • Zip Code 48223
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    4.39 miles

  • Dearborn

    6.67 miles

  • Smith's Creek Depot Station

    6.74 miles

  • Walnut Grove Station

    6.86 miles

  • Firestone Station

    6.87 miles

  • Royal Oak

    8.77 miles

  • Sunoco

    0.19 miles

  • BP

    0.33 miles

  • RP Fuel

    0.62 miles

  • Marathon

    0.68 miles

  • Marathon

    0.74 miles

  • Clark

    0.83 miles

  • Citgo

    0.85 miles

  • Mobil

    1.04 miles

  • Clark

    1.06 miles

  • Marathon

    1.13 miles

  • Vistor Parking Lot B

    2.77 miles

  • Vistor Parking Lot A

    2.78 miles

  • Parking Lot C

    2.81 miles

  • Parking Lot D

    2.83 miles

  • Parking Lot E

    2.89 miles

  • Parking Lot G

    2.91 miles

  • MRC parking lot

    4.90 miles

  • Parking Lot H

    5.08 miles

  • Parking Lot G

    5.18 miles

  • Parking Lot A

    5.18 miles

  • Inn America

    0.71 miles

  • Riviera Motel Detroit

    1.40 miles

  • Royal Budget Inn

    1.98 miles

  • Park Drive Motel

    2.00 miles

  • Hilltop Motel

    2.19 miles

  • Comfort Inn

    3.30 miles

  • Quality Inn & Suites

    4.36 miles

  • Cranbrook Inn

    4.63 miles

  • Grand Tulane Motel

    4.84 miles

  • Home

    4.96 miles

  • Meijer

    1.22 miles

  • Glory Super Market

    2.10 miles

  • Royal Fresh Market

    2.32 miles

  • Redford Oaks

    2.35 miles

  • Redford Oaks

    2.43 miles

  • Save-A-Lot

    2.48 miles

  • Value Center

    2.61 miles

  • Sun Valley Supermarket

    2.63 miles

  • Burlington

    2.65 miles

  • Aldi

    2.69 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116