Parkside Apartments

23740 Fenkell Ave, Detroit, MI 48223

  • For Sale $6,350,000
  • Property Type Multi-Family
  • Property Size 108,271 SF
  • Units 138
  • Lot Size 2.34 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1967
  • Date Updated Dec 3, 2024
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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Attachments

Highlights

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

Contacts

broker
Ferris Hamama

Keystone Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent

  • Transit Score ®

    30/100 Some Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48223
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    4.57 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

  • Mobil

    0.95 miles

  • Clark

    0.96 miles

  • Livonia, MI Supercharger

    3.22 miles

  • Bosch

    7.47 miles

  • Charging Station at Westland City Hall

    7.67 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

    5.17 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

  • Holiday Inn Express & Suites Detroit Northwest

    2.45 miles

  • Americas Best Value Inn Livonia Detroit

    2.88 miles

  • Hampton Inn Livonia Detroit

    2.94 miles

  • Comfort Inn

    3.13 miles

  • Quality Inn & Suites

    4.22 miles

  • Nicky D's Coney Island

    0.15 miles

  • McDonald's

    0.21 miles

  • Little Caesars

    0.44 miles

  • Arby's

    0.51 miles

  • Scotty Simpson’s Fish and Chips

    0.71 miles

  • Grandy's Coney Island

    0.83 miles

  • Krispy Krunchy Chicken

    0.87 miles

  • White Castle

    1.02 miles

  • Bone Bar.B.Q

    1.04 miles

  • KFC

    1.09 miles

  • Murphy Academy

    0.14 miles

  • Far West Alternative Middle School

    0.62 miles

  • Yost School

    0.72 miles

  • Far West Early Learning Center

    1.09 miles

  • Detroit Leadership Academy Elementary School

    1.13 miles

  • Old Redford Academy Middle School

    1.22 miles

  • Saint Valentine School

    1.24 miles

  • Old Redford Academy Elementary School

    1.28 miles

  • Will Rogers Elementary School (closed)

    1.28 miles

  • Lodge Elementary School (former)

    1.32 miles

  • Hooked on Books Childcare

    1.05 miles

  • Old Redford Pre-Kindergarten Academy

    1.28 miles

  • Village of Shiny Stars Child Care Center

    1.56 miles

  • Helping Hands child care

    2.08 miles

  • Kidz Kingdom

    2.52 miles

  • Tott's Early Learning Center

    3.11 miles

  • New West Side Head Start

    3.14 miles

  • Allen Baptist Childcare & Development Center

    3.32 miles

  • Academy of Detroit-West

    3.43 miles

  • Hampton Church Child Care Center

    4.06 miles

Frequently Asked Questions

How much does Parkside Apartments cost?

The space currently listed for sale at Parkside Apartments asks for $6,350,000.

What is the total square footage of Parkside Apartments?

Parkside Apartments totals 108,271 square feet.

When was this property built?

Parkside Apartments was built in 1967.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Ferris Hamama

Keystone Commercial Real Estate