23411 Fenkell
- 48-unit multifamily apartment community
- 54,309 SF building situated on 2.27 acres
- Unit mix of 22 one-bedroom and 26 two-bedroom apartments
- Separate electric metering for each unit
- Recently refurbished boilers
- Balconies rebuilt to current city code
- Well-maintained courtyard and new exterior lighting
- Gated community with ample on-site parking
- Strong value-add investment opportunity with upside through operational efficiencies
- Convenient access to major roadways, shopping, employment centers, and public transportation
- Located in a densely populated West Detroit neighborhood with consistent rental demand
- Taxes based on Pilot Program
Property Description
Introducing Fenkell Apartments, a 48-unit multifamily investment opportunity at 23411 Fenkell Ave., Detroit, MI. The 54,309 SF property sits on 2.27 acres and features a well-maintained courtyard, new exterior lighting, separate electric metering, refurbished boilers, and balconies rebuilt to city code. Offering a mix of 22 one-bedroom and 26 two-bedroom units, the property is ideally located in a densely populated area with convenient access to shopping, employment centers, and everyday amenities, making it an excellent opportunity for investors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,640,000 |
| No. of Units: | 48 |
| Average Occupancy: | 7.26 |
| Year Built: | 1965 |
| Lot Size: | 2.27 Acres |
| Opportunity Zone: | No |
| Price per unit: | $55,000 |
| Property Website | Click Here |
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