Glen Cove Apartments

23835 Fullerton St, Detroit, MI 48223

  • For Sale $4,990,000
  • Property Type Multi-Family
  • Property Size 112,923 SF
  • Units 108
  • Lot Size 2.53 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1970
  • Date Updated Jan 29, 2024
Great opportunity to acquire this 108 unit, well maintained property, located on the outskirts of Detroit.Introducing Glen Cove Apartments, a remarkable multi-family complex located at 23835 Fullerton St, Detroit, MI 48223. Situated on 2.5 gated acres, this property offers an exceptional opportunity for investors. With easy access to freeways, residents will enjoy convenient transportation options. The complex features a total of 108 units, comprising of 75 spacious 1-bedroom units and 33 comfortable 2-bedroom units, offering a range of living options to suit different needs. The property boasts recent upgrades, including a new boiler/furnace, new windows, and new exterior lighting, ensuring a modern and energy-efficient environment for residents. The well-maintained grounds and professional landscaping add to the appeal of this attractive complex. Financially, Glen Cove Apartments presents a strong investment opportunity. The Net Operating Income (NOI) is $394,539, with a desirable cap rate of 7.31%. In addition, the Gross Scheduled Income is an impressive $862,558, with potential for further growth. Don't miss the chance to own this lucrative multi-family complex at an unbeatable price. Contact us today to schedule a tour and secure your investment in the thriving Detroit real estate market.

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Highlights

  • Courtyard
  • 75 600 SF 1 bedroom apartments
  • 33 750 SF 2 bedroom apartments
  • New boiler/furnace/windows/exterior lighting

Contacts

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116

Location

Getting Around

  • Walk Score ®

    33/100 Car-Dependent

  • Transit Score ®

    31/100 Some Transit

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Brightmoor
  • Zip Code 48223
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    5.16 miles

  • Dearborn

    5.42 miles

  • Smith's Creek Depot Station

    5.53 miles

  • Firestone Station

    5.64 miles

  • Walnut Grove Station

    5.69 miles

  • Royal Oak

    9.97 miles

  • BP

    0.16 miles

  • Marathon

    0.32 miles

  • Exxon

    0.56 miles

  • Marathon

    0.66 miles

  • Mobil

    0.67 miles

  • Marathon

    0.77 miles

  • BP

    1.06 miles

  • Sunoco

    1.07 miles

  • Sunoco

    1.15 miles

  • BP

    1.18 miles

  • Vistor Parking Lot A

    3.86 miles

  • Vistor Parking Lot B

    3.87 miles

  • Parking Lot C

    3.91 miles

  • Parking Lot D

    3.94 miles

  • Parking Lot G

    3.98 miles

  • Parking Lot E

    4.00 miles

  • Paid Parking

    4.43 miles

  • Monteith Parking Structure

    4.54 miles

  • OHM Advisors Parking Lot

    5.35 miles

  • Arjay Miller Arboretum Parking

    5.39 miles

  • Inn America

    0.76 miles

  • Hilltop Motel

    0.78 miles

  • Royal Budget Inn

    0.85 miles

  • Park Drive Motel

    0.88 miles

  • Riviera Motel Detroit

    2.72 miles

  • Comfort Inn

    2.91 miles

  • Home

    3.54 miles

  • Quality Inn & Suites

    3.60 miles

  • Holiday Inn Express & Suites

    4.34 miles

  • Hawthorn Suites By Wyndham Dearborn

    4.35 miles

  • Fish and Chicken

    0.33 miles

  • Uncle Bones BBQ

    0.72 miles

  • Cottage Inn Pizza

    0.72 miles

  • McDonald's

    0.73 miles

  • Popeyes

    0.75 miles

  • Prince Pizza

    0.85 miles

  • Dunkin'

    1.11 miles

  • Subway

    1.16 miles

  • Happy's Pizza

    1.20 miles

  • McDonald's

    1.23 miles

  • Detroit Leadership Academy Elementary School

    0.40 miles

  • Far West Early Learning Center

    0.42 miles

  • Will Rogers Elementary School (closed)

    0.42 miles

  • Washington-Parks Academy

    0.49 miles

  • Healy International Academy (closed)

    0.50 miles

  • Saint Hilary's School (closed)

    0.82 miles

  • St. John XXIII Catholic Parish

    1.03 miles

  • Fisher Elementary School

    1.13 miles

  • Westside Christian Academy

    1.16 miles

  • Pierce Middle School

    1.33 miles

  • Helping Hands child care

    0.77 miles

  • Tott's Early Learning Center

    2.20 miles

  • New West Side Head Start

    2.25 miles

  • Old Redford Pre-Kindergarten Academy

    2.63 miles

  • Allen Baptist Childcare & Development Center

    3.25 miles

  • God's Little Schoolhouse

    3.45 miles

  • Academy of Detroit-West

    4.16 miles

  • Hampton Church Child Care Center

    4.39 miles

  • Learning Tree

    4.90 miles

  • Livonia Little Tots

    5.19 miles

Frequently Asked Questions

What is the lease rate for Glen Cove Apartments?

Rental asking rate at Glen Cove Apartments is $2,495,000.00/YR.

What is the total square footage of Glen Cove Apartments?

Glen Cove Apartments totals 112,923 square feet.

When was this property built?

Glen Cove Apartments was built in 1970.

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Contact Listing Broker

broker

Ferris Hamama

Keystone Commercial Real Estate

(248) 406-7116