48-Unit Multifamily Apartment
For Sale
$2,640,000
23411 Fenkell, Detroit, MI 48223
48-unit apartment community on 2.27 acres with separate electric metering, refurbished boilers, and rebuilt balconies.
Property Size54,309 SF
Lot Size2.27 Acres
Price / SF$48.61
Days on Market14
Property Features for 23411 Fenkell
General Information
Standard status
Active
Size
54,309 SF
Lot size
2.27 Acres
Property subtype
Multifamily
Net Operating Income
$279,299
Additional Details
Highway Access
Yes
Multifamily Units
48
Amenities
courtyard
gated community
exterior lighting
balconies
Building Details
Building Size
54,309 SF
Year Built
1965
Listing Agency:
Keystone Commercial Real Estate
(248) 406-7116
Listed By:
Ferris Hamama · License #6501255590
Source:
Keystonecres
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 8 at 4:26AM
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 multifamily apartment community in a 54,309 SF building on 2.27 acres. The property includes a well-maintained courtyard and new exterior lighting. Unit utilities are supported by separate electric metering, and the building features recently refurbished boilers. Balconies have been rebuilt to current city code.
The community is described as gated, with ample on-site parking, and offers convenient access to major roadways, shopping, employment centers, and public transportation. It is positioned within a densely populated West Detroit neighborhood with consistent rental demand.
The unit mix consists of 22 one-bedroom apartments and 26 two-bedroom apartments.
The community is described as gated, with ample on-site parking, and offers convenient access to major roadways, shopping, employment centers, and public transportation. It is positioned within a densely populated West Detroit neighborhood with consistent rental demand.
The unit mix consists of 22 one-bedroom apartments and 26 two-bedroom apartments.
Key Highlights
- 48‑unit multifamily apartment community featuring 22 one‑bedroom and 26 two‑bedroom units
- 54,309 SF building on 2.27 acres with a well‑maintained courtyard and new exterior lighting
- Separate electric metering for each unit
Property Analytics
Current Use
Lease Details
48
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 48-unit apartment community on 2.27 acres with separate electric metering, refurbished boilers, and rebuilt balconies.
Where is this apartment building located?
The property is located at 23411 Fenkell 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 multifamily apartment community featuring 22 one‑bedroom and 26 two‑bedroom units; 54,309 SF building on 2.27 acres with a well‑maintained courtyard and new exterior lighting; Separate electric metering for each unit
