2340 Clements Street, Detroit city, Michigan

$250,000

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5

Baths

4,800

Square feet

0.14

Acres

About 2340 Clements Street

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.

Features of 2340 Clements Street

MLS® # 20251035906
Price $250,000
Bathrooms 5.00
Full Baths 4
Half Baths 1
Square Footage 4,800
Acres 0.14
Year Built 1925
Type Multifamily
Sub-Type Quadruplex
Style Quadruplex
Status Pending

Community Information

Address 2340 Clements Street
Area 05083 - Wayne
Subdivision ROBERT OAKMANS TWELFTH ST
City Detroit city
County Wayne
State Michigan
Zip Code 48238

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Electric, Forced Air, Natural Gas
Fireplace No

Exterior

Construction Brick
Foundation Basement, Brick/Mortar

School Information

District Detroit

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBrookstone, Realtors LLC
Contact InfoMaryottrealty@gmail.com

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