MI > Detroit > Mi
Detroit, MI 48238,2340 Clements
Detroit, MI 48238,2340 Clements
Detroit, MI 48238,2340 Clements
Detroit, MI 48238,2340 Clements
Detroit, MI 48238,2340 Clements
Detroit, MI 48238,2340 Clements
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David Godin

David Godin

+1(586) 416-0600
$ 300,000
Est. payment | /mo

4 Baths

4,800 SqFt

Save
$ 300,000
Est. payment | /mo
Save

4 Baths

4,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $62

Subdivision Mi

MLS Listing ID 60920202

Style 2 Story

Full Baths 4

Year Built 1925

Annual Tax Amount $4,148

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50 x 118

Property Sub-Type Multi-Family

Property Description

4 UNIT Multi-Family Opportunity in Detroit's Historic Oakman District. THREE bedrooms per unit, this offers spacious open layout, strong value, and excellent cash flow potential. Ideal for a Hands-On Landlord, this property consolidates FOUR income STREAMS into a Single Manageable Asset. Priced Below It's Past Valuation "$330k appraised in 2022" (available upon request). With Section 8 Market Rents Starting At $1,300 For A 3-Bedroom, This Is The Kind Of Property That Can Work Hard For You. This is a prime value-add investment for buyers looking to stabilize and unlock a strong cash flowing portfolio. Whether you're aiming to bring rents to market rates, tap into government-backed income like section 8, or simply secure steady cash flow, this property offers upside support and long term growth. Property has one reliable, paying tenant, two units are squatter-occupied. Legal action is already in motion, with litigation underway and the eviction process actively progressing. This is a prime opportunity for an investor to step in, complete the turnover, and begin collecting premium rents. It's loss is your win!! Secure below market value and unlock its full cash flowing potential it's meant to be.

Location

State MI

County Wayne

Area Wayne (82083)

Zoning Multi-Family

Interior

Heating Forced Air

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional,FHA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Brookstone, Realtors LLC
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Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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2340 Clements