Fenkell Apartments Listing Details & Market Data

23411 Fenkell , Detroit, MI 48223

  • For Sale $2,150,000
  • 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

Contacts

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116

Location

Getting Around

  • Walk Score ®

    Car-Dependent (37)

  • Transit Score ®

    Some Transit (30)

  • Bike Score ®

    Bikeable (54)
Powered by Walk Score ®
  • 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

  • Nicky D's Coney Island

    0.32 miles

  • McDonald's

    0.40 miles

  • Scotty Simpson’s Fish and Chips

    0.52 miles

  • Little Caesars

    0.58 miles

  • Grandy's Coney Island

    0.67 miles

  • Krispy Krunchy Chicken

    0.68 miles

  • Fish and Chicken

    1.11 miles

  • KFC

    1.28 miles

  • KFC

    1.30 miles

  • Nicky D's Coney Island

    1.30 miles

  • Murphy Academy

    0.29 miles

  • Saint Christine School

    0.41 miles

  • Far West Alternative Middle School

    0.43 miles

  • Yost School

    0.89 miles

  • Far West Early Learning Center

    1.04 miles

  • Detroit Leadership Academy Elementary School

    1.07 miles

  • Roosevelt Elementary School (razed)

    1.09 miles

  • Old Redford Academy Middle School

    1.16 miles

  • Old Redford Academy Elementary School

    1.23 miles

  • Healy International Academy (closed)

    1.26 miles

  • Old Redford Pre-Kindergarten Academy

    1.22 miles

  • Helping Hands child care

    2.00 miles

  • Tott's Early Learning Center

    2.96 miles

  • New West Side Head Start

    2.99 miles

  • Allen Baptist Childcare & Development Center

    3.13 miles

  • Academy of Detroit-West

    3.26 miles

  • Hampton Church Child Care Center

    3.87 miles

  • God's Little Schoolhouse

    4.45 miles

  • Creative Learning Children's College

    4.50 miles

  • Livonia Little Tots

    5.34 miles

Contact Listing Broker

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116