Fenkell Apartments

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
  • 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!
Want more info on this listing?

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

Highlights

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

Contacts

broker
Ferris Hamama

Keystone Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    37/100 Car-Dependent

  • Transit Score ®

    30/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
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

  • Nicky D's Coney Island

    0.32 miles

  • McDonald's

    0.40 miles

  • Scotty Simpson’s Fish and Chips

    0.52 miles

  • Arby's

    0.58 miles

  • Little Caesars

    0.58 miles

  • Grandy's Coney Island

    0.64 miles

  • Krispy Krunchy Chicken

    0.68 miles

  • Bone Bar.B.Q

    0.85 miles

  • White Castle

    1.04 miles

  • Fish and Chicken

    1.11 miles

  • Murphy Academy

    0.29 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

  • Old Redford Academy Middle School

    1.16 miles

  • Old Redford Academy Elementary School

    1.23 miles

  • Healy International Academy (closed)

    1.26 miles

  • Will Rogers Elementary School (closed)

    1.32 miles

  • Samuel Gompers Elementary Middle School

    1.32 miles

  • Hooked on Books Childcare

    1.18 miles

  • Old Redford Pre-Kindergarten Academy

    1.22 miles

  • Village of Shiny Stars Child Care Center

    1.37 miles

  • Helping Hands child care

    2.00 miles

  • Kidz Kingdom

    2.33 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

Frequently Asked Questions

How much does Fenkell Apartments cost?

The space currently listed for sale at Fenkell Apartments asks for $2,150,000.

What is the total square footage of Fenkell Apartments?

Fenkell Apartments totals 54,309 square feet.

When was this property built?

Fenkell Apartments was built in 1965.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Ferris Hamama

Keystone Commercial Real Estate