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USAMIDetroitRobert Oakmans Twelfth St (Plats)2340 Clements St
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$300,000

2340 Clements St, Detroit, MI

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4800 sqft
Garage No
Taxes $6,552
Days Active 26
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $62
MLS® Number 20251006393

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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 Rent, For 3-Bedroom Units At $1, 300, this makes it a highly attractive investment. 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.Show Description
MLS® Number20251006393
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageNo
Approx. Age1925
BasementCommon, Full, Unfinished
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel

Extras

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