top of page

(138 Units) 23740 Fenkell Ave, Detroit, MI 48223 - No Longer Available

Updated: Oct 19, 2023

Multifamily Investment Opportunity





Price

$6,900,000


130 UNITS

Introducing Parkside Apartments - a lucrative off-market opportunity for savvy investors seeking a high cash on cash return and a value-add income-producing asset. This rare 130-unit apartment complex is strategically situated at 23740 Fenkell Ave, offering incredible potential in an ideal location.

Boasting a robust Net Operating Income (NOI) of $421,000, Parkside Apartments presents an attractive investment opportunity with a solid foundation for profitability. With an asking price of $6,900,000, this property offers exceptional value for investors looking to maximize their returns.


Conveniently located near major retailers and major highways, Parkside Apartments ensures convenience and accessibility for tenants. This prime location enhances the potential for strong tenant demand, ultimately contributing to a stable and reliable income stream.

The true value of Parkside Apartments lies in its exceptional value-add potential. With careful strategic planning and implementation of renovation and improvement strategies, this property offers immense room for increased rental rates and improved overall property performance. Investors with a vision for maximizing rental income will undoubtedly appreciate the wealth of opportunities this asset presents.


Whether you are an experienced investor seeking to diversify your portfolio or an ambitious newcomer looking to enter the income-producing real estate market, Parkside Apartments is a not-to-be-missed opportunity.


Don't hesitate to seize this chance to acquire a highly desirable property that promises strong cash on cash return and long-term growth potential.


Contact us now to schedule a private showing and explore the untapped potential of Parkside Apartments. Don't miss out on the chance to secure a valuable investment in a prime location with tremendous value-add opportunities. Please submit all offers directly to







Property Site Plan


Property Trade Map


A&R Development & Acquisitions

Anderson and Ryan, LLC

Mobile: 615-987-7897

ericb@andersonandryan.com

www.andersonandryan.com


*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact ericb@andersonandryan.com directly to discuss. This is an off market investment opportunity.

3 views0 comments

Comments


bottom of page