23740 Fenkell Street
Detroit, Michigan 48223
0
Bed
138
Bath
67,608Sqft
2.34Acres(Lot)
Pilot Program accepted through the City of Detroit!! Well-maintained 138-unit brick apartment community located in a highly desirable area of Detroit, just off Telegraph Road on Fenkell Road. This stabilized asset consists of three buildings and is currently 98% occupied, offering strong in-place cash flow. The property operates at an attractive 10% cap rate with additional upside through modest rent increases. Seller has done numerous amounts of upgrades and remodeling to the property in the past couple of years. The community is gated and features laundry facilities in each building. Hallways and a majority of units have been updated, contributing to tenant appeal and reduced turnover costs. Major systems have been well cared for, including boilers in excellent condition and a brand-new
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 138 Full Baths: 138 -
Heating & Cooling
Heating: Separate Meters,Steam Heating Fuel: Natural Gas
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Building Information
Year Built: 1967 Building Stories: 2 Story Total Units: 138 Foundation/Basement: Basement -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 2.34 Lot Dimensions: 101930 -
Property Information
SQ ft: 67608 Subdivision: More Than One Legal Involved Financing: Cash,Conventional
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Listing Price Information
Original List Price: $7,000,000 -
Listing Information
Possession: At Close Legal Description: N FENKELL N 93 FT 213 THRU 215 W 160 FT ON S LINE BG W 117.62 FT ON N LINE OF S 82.51 FT 315 THRU 317 S 30.51 FT 305 306 THRU 314 AND VAC RIVERVIEW & ALLEY ADJ ABERDEEN HGTS SUB NO 1 L50 P43 PLATS, W C R 22/479 N 297 FT OF S 330 FT OF W 135 FT OF S W 1/4 SEC 16 T 1 S R 10 E LYG E OF SD SUB EXC TRIANG PT BG E 42 FT ON N LINE & N 82 FT ON E LINE 22/--- 111,281 SQ FT
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Tax Information
Annual Tax: $105,404 Parcel Number: 220110989Possession
At CloseLegal Information
Legal Description: Section: N FENKELL N 93 FT 213 THRU 215 W 160 FT ON S LINE BG W 117.62 FT ON N LINE OF S 82.51 FT 315 THRU 317 S 30.51 FT 305 306 THRU 314 AND VAC RIVERVIEW & ALLEY ADJ ABERDEEN HGTS SUB NO 1 L50 P43 PLATS, W C R 22/479 N 297 FT OF S 330 FT OF W 135 FT OF S W 1/4 SEC 16 T 1 S R 10 E LYG E OF SD SUB EXC TRIANG PT BG E 42 FT ON N LINE & N 82 FT ON E LINE 22/--- 111,281 SQ FT
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School Information
School District: Detroit -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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ByOwner last updated this listing 06/18/2026 @ 00:50
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