Parkside Apartments

For Sale

23740 Fenkell Ave, Detroit, MI 48223

This Detroit property for sale is located at 23740 Fenkell Ave. The current listed sale price for Parkside Apartments is $6,350,000. Parkside Apartments is situated on a lot that is 2.34 acre in size.

Contacts

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116

Property Details

  • Property Type Multi-Family
  • Property Size 108,271 SF
  • Units 138
  • Lot Size 2.34 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1967
  • Date Updated Nov 27, 2023
Located on the north side of Fenkell Avenue just east of Telegraph Road.PARKSIDE APARTMENTS - A Prime Investment Opportunity in Detroit, MI! Discover the incredible potential of Parkside Apartments, located at 23740 Fenkell Ave, Detroit, MI 48223. This multi-family complex spans an impressive 108,271 square feet, offering 138 units situated on a spacious 2.34-acre lot. With a sale price of $6,730,000 and a cap rate of 6.27%, this property presents a fantastic opportunity for investors seeking attractive returns. The units feature various layouts, including studios, 1-bedroom, and 2-bedroom options, providing diverse rental income potential. Parkside Apartments boast numerous amenities, including refurbished roofs, separate electric and gas meters, and a secure gated entry, ensuring convenience and security for residents. The property's strategic location offers easy access to nearby amenities, transportation, and employment opportunities. Furthermore, the demographic profile of the area reveals a population of over 325,000 within a 5-mile radius, with an average household income of $51,072. This thriving community presents a promising market for potential tenants or buyers. Don't miss out on this exceptional investment opportunity! Contact Ferris Hamama at 248.406.7116 or [email protected] for additional information. Visit our website at www.keystonecres.com to explore more about Parkside Apartments and start capitalizing on this prime real estate investment in Detroit today!

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Highlights

  • Refurbished roofs
  • Separate electric and gas meter
  • Gated entry

Attachments

Getting around

  • 48/100

    Walk Score ®

  • 30/100

    Transit Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • CDM Transport LLC

    4.56 miles

  • Dearborn

    6.76 miles

  • Smith's Creek Depot Station

    6.84 miles

  • Firestone Station

    6.96 miles

  • Walnut Grove Station

    6.97 miles

  • Royal Oak

    8.88 miles

  • BP

    0.15 miles

  • Sunoco

    0.38 miles

  • RP Fuel

    0.48 miles

  • Marathon

    0.71 miles

  • Citgo

    0.75 miles

  • Marathon

    0.87 miles

  • Mobil

    0.95 miles

  • Clark

    0.96 miles

  • Clark

    1.02 miles

  • Citgo

    1.06 miles

  • Vistor Parking Lot B

    2.92 miles

  • Vistor Parking Lot A

    2.93 miles

  • Parking Lot C

    2.95 miles

  • Parking Lot D

    2.97 miles

  • Parking Lot E

    3.03 miles

  • Parking Lot G

    3.06 miles

  • Parking Lot H

    5.08 miles

  • MRC parking lot

    5.08 miles

  • Parking Lot A

    5.18 miles

  • Parking Lot G

    5.18 miles

  • Inn America

    0.70 miles

  • Riviera Motel Detroit

    1.51 miles

  • Royal Budget Inn

    2.07 miles

  • Park Drive Motel

    2.09 miles

  • Hilltop Motel

    2.22 miles

  • Comfort Inn

    3.13 miles

  • Quality Inn & Suites

    4.22 miles

  • Grand Tulane Motel

    4.67 miles

  • Cranbrook Inn

    4.75 miles

  • Home

    4.95 miles

  • Meijer

    1.33 miles

  • Glory Super Market

    2.04 miles

  • Redford Oaks

    2.23 miles

  • Redford Oaks

    2.30 miles

  • Value Center

    2.41 miles

  • Royal Fresh Market

    2.51 miles

  • Aldi

    2.55 miles

  • Save-A-Lot

    2.63 miles

  • Spartan Foods

    2.63 miles

  • Sun Valley Supermarket

    2.65 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