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About the Listing 104693 - 748851,749240
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.
Listing Highlights for 2340 Clements
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
60936408
Year Built
1925
Total Square Footage
4,800
Lot/Acreage
0.14
County
Wayne
Neighborhood
Robert Oakmans Twelfth St
Area
Wayne (82083)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full / 1 Half
- Appliances:
- Air Cond:
- Heating: Electric Heat,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4800
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50 x 118
- Zoning: Residential
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $6,552
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2340 Clements Detroit, MI 48238
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