Glen Cove Apartments

For Sale

23835 Fullerton St, Detroit, MI 48223

This Detroit property for sale is located at 23835 Fullerton St. The current listed sale price for Glen Cove Apartments is $4,990,000. Glen Cove Apartments is situated on a lot that is 2.53 acre in size.

Contacts

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116

Property Details

  • Property Type Multi-Family
  • Property Size 112,923 SF
  • Units 108
  • Lot Size 2.53 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1970
  • Date Updated Jan 29, 2024
Great opportunity to acquire this 108 unit, well maintained property, located on the outskirts of Detroit.Introducing Glen Cove Apartments, a remarkable multi-family complex located at 23835 Fullerton St, Detroit, MI 48223. Situated on 2.5 gated acres, this property offers an exceptional opportunity for investors. With easy access to freeways, residents will enjoy convenient transportation options. The complex features a total of 108 units, comprising of 75 spacious 1-bedroom units and 33 comfortable 2-bedroom units, offering a range of living options to suit different needs. The property boasts recent upgrades, including a new boiler/furnace, new windows, and new exterior lighting, ensuring a modern and energy-efficient environment for residents. The well-maintained grounds and professional landscaping add to the appeal of this attractive complex. Financially, Glen Cove Apartments presents a strong investment opportunity. The Net Operating Income (NOI) is $394,539, with a desirable cap rate of 7.31%. In addition, the Gross Scheduled Income is an impressive $862,558, with potential for further growth. Don't miss the chance to own this lucrative multi-family complex at an unbeatable price. Contact us today to schedule a tour and secure your investment in the thriving Detroit real estate market.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Courtyard
  • 75 600 SF 1 bedroom apartments
  • 33 750 SF 2 bedroom apartments
  • New boiler/furnace/windows/exterior lighting

Getting around

  • 33/100

    Walk Score ®

  • 31/100

    Transit Score ®

  • 38/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • CDM Transport LLC

    5.16 miles

  • Dearborn

    5.42 miles

  • Smith's Creek Depot Station

    5.53 miles

  • Firestone Station

    5.64 miles

  • Walnut Grove Station

    5.69 miles

  • Royal Oak

    9.97 miles

  • BP

    0.16 miles

  • Marathon

    0.32 miles

  • Exxon

    0.56 miles

  • Marathon

    0.66 miles

  • Mobil

    0.67 miles

  • Marathon

    0.77 miles

  • BP

    1.06 miles

  • Sunoco

    1.07 miles

  • Sunoco

    1.15 miles

  • BP

    1.18 miles

  • Vistor Parking Lot A

    3.86 miles

  • Vistor Parking Lot B

    3.87 miles

  • Parking Lot C

    3.91 miles

  • Parking Lot D

    3.94 miles

  • Parking Lot G

    3.98 miles

  • Parking Lot E

    4.00 miles

  • Paid Parking

    4.43 miles

  • Monteith Parking Structure

    4.54 miles

  • OHM Advisors Parking Lot

    5.35 miles

  • Arjay Miller Arboretum Parking

    5.39 miles

  • Inn America

    0.76 miles

  • Hilltop Motel

    0.78 miles

  • Royal Budget Inn

    0.85 miles

  • Park Drive Motel

    0.88 miles

  • Riviera Motel Detroit

    2.72 miles

  • Comfort Inn

    2.91 miles

  • Home

    3.54 miles

  • Quality Inn & Suites

    3.60 miles

  • Holiday Inn Express & Suites

    4.34 miles

  • Hawthorn Suites By Wyndham Dearborn

    4.35 miles

  • Sun Valley Supermarket

    1.21 miles

  • Burlington

    1.23 miles

  • ALDI

    1.43 miles

  • Randazzo Fresh Market

    1.64 miles

  • Park to Shop

    1.69 miles

  • Save-A-Lot

    1.85 miles

  • Saturn Super Foods

    2.40 miles

  • Meijer

    2.52 miles

  • Liquor Store

    2.73 miles

  • Papaya Fruit Market

    2.82 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