MI
Wayne
Detroit City
48238
2340 Clements St
2340 Clements St, Detroit City, MI 48238
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Listing Type
Multi Family
Listing Status
active
16
$260,000

Home Details for 2340 Clements St

Price
$260,000
Type
Residential Income
Bedrooms
12
Bathrooms
4.0
Square feet
4800
Year built
1925
Lot size acres
0.14
County
Wayne
Garage
Basement
Unfinished
Days on site
65
MLS Listing#
20251018640
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.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
    • Wall Furnace
  • Cooling Information
    • None
  • Water Features
    • Public
  • Basement
    • Unfinished
Listing Courtesy: Brookstone, Realtors LLC - 248-963-0505
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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