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Fenkell Apartments 48-Unit Building
For Sale
$2,640,000

23411 Fenkell Ave, Detroit, MI 48223

Gated apartment community with a landscaped courtyard, rebuilt balconies, and on-site parking.

Property Size54,309 SF
Lot Size2.27 Acres
Price / SF$48.61
Days on Market10

Property Features for 23411 Fenkell Ave

General Information

Standard status Active
Size 54,309 SF
Lot size 2.27 Acres
Property subtype Multifamily
Zoning R1

Units

Unit Mix 22 x 1BR, 26 x 2BR
Multifamily Units 48

Additional Details

Public Transit Yes

Amenities

courtyard
new exterior lighting
separate electric metering
balconies
gated community
ample on-site parking

Building Details

Building Size 54,309 SF
Listing Agency: Keystone Commercial Real Estate
Listed By: Ferris Hamama · License #6501255590
Source: Cpix.resimplifi
Added: Aug 26 Changed: Aug 29 Last Checked: Sep 4 at 2:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keystone Commercial Real Estate

Investment Insights

Based on property information with market context.

Fenkell Apartments is a 48-unit apartment property in Detroit, Michigan, comprising 54,309 square feet on 2.27 acres. The unit mix includes 22 one-bedroom residences and 26 two-bedroom residences. Property improvements include a courtyard, rebuilt balconies meeting city code, upgraded exterior lighting, refurbished boilers, and separate electric meters for each unit. The community is gated and provides on-site parking.

Located at 23411 Fenkell Ave., the property offers access to major roadways, shopping, employment centers, and public transportation. The site is zoned R1 and is identified as being in a densely populated West Detroit neighborhood. Taxes are based on a PILOT Program.

Key Highlights

  • 48‑unit apartment property with 54,309 SF on 2.27 acres
  • Unit mix includes 22 one‑bedroom and 26 two‑bedroom apartments
  • Separate electric metering serves each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

48
Residential units

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby

Demographics for 48223, MI

22,956
Population
11,264
Households
2
Avg Household Size
36
Median Age
19%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
3,763
Density / Sq Mi
$42,324
Median Household Income
$30,119
Median Earnings
$1,013
Median Rent
$87,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Gated apartment community with a landscaped courtyard, rebuilt balconies, and on-site parking.
Where is this apartment building located?
The property is located at 23411 Fenkell Ave Detroit, MI.
What is the asking price?
The asking price for this property is $2,640,000.
What are key features of this property?
This property features: 48‑unit apartment property with 54,309 SF on 2.27 acres; Unit mix includes 22 one‑bedroom and 26 two‑bedroom apartments; Separate electric metering serves each unit
More about this property
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