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For sale
  • $300,000

    2340 Clements St, Detroit, MI 48238

    12beds
    4,800sqft
    : 
    Multi Family
    Built in 1925
    -- sqft lot
    $298,400 Zestimate®
    $63/sqft
    $-- HOA

    What's special

    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.
    15 days
    on Zillow
    |
    372
    |
    38
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    Zillow last checked: 7 hours ago

    Listing updated: July 19, 2025 at 11:00pm

    Listed by:

    Maryott Tijerina 248-963-0505,

    Brookstone, Realtors LLC 248-963-0505

    Source: Realcomp II,MLS#: 20251018640MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2340 Clements St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Natural Gas, Wall Furnace
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,800 sqft
    • Finished area above ground: 4,800

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Balcony
    • Pool features: None
    Lot
    • Size: 6,098.4 Square Feet
    • Dimensions: 50 x 118
    Details
    • Parcel number: 08004549
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Quadruplex
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Brick Mortar
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Detroit

    Financial & listing details

    • Price per square foot: $63/sqft
    • Tax assessed value: $49,900
    • Annual tax amount: $4,148
    • Date on market: 7/19/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA
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