2340 Clements Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $62
MLS Listing ID 20251018640
Style Quadruplex
Bedrooms 4
Full Baths 4
Year Built 1925
Annual Tax Amount $4,148
Lot Size 6,098 Sqft
Property Sub-Type Quadruplex
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
Zoning Multi-Family
Interior
Heating Forced Air,Wall Furnace
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA