Contacts

Ferris Hamama

Keystone Commercial Real Estate

Property Details

Property Type Multi-Family
Property Size 54,309 SF
Units 48
Lot Size 2.27 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1965
Date Updated Dec 3, 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

Attachments

OM_Detroit_FenkellApartments_23411Fenkell (PDF) opens in new window

Getting around

37/100
Walk Score ®
30/100
Transit Score ®
54/100
Bike Score ®

Powered by Walk Score ®

City Detroit, MI
Neighborhood Brightmoor
Zip Code 48223
Market Detroit

Points of Interest

CDM Transport LLC

4.40 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
Clark

0.83 miles
Citgo

0.85 miles
Mobil

1.04 miles
Livonia, MI Supercharger

3.37 miles
Bosch

7.66 miles
Rhombus Energy Solutions

7.67 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 A

5.17 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
Holiday Inn Express & Suites Detroit Northwest

2.60 miles
Americas Best Value Inn Livonia Detroit

3.04 miles
Hampton Inn Livonia Detroit

3.09 miles
Comfort Inn

3.30 miles
Quality Inn & Suites

4.36 miles

Meijer

1.22 miles
Old Redford Food Center

1.27 miles
International African Grocery

2.00 miles
Glory Super Market

2.10 miles
Royal Fresh Market

2.34 miles
Redford Oaks

2.35 miles
Sugar Market

2.48 miles
Apollo Market

2.57 miles
Value Center

2.61 miles
Sun Valley Supermarket

2.63 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.