$250,000
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2340 Clements ST Detroit, MI 48238
5 Baths
4,800 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $41
Subdivision Robert Oakmans Twelfth St
MLS Listing ID 20251035906
Sold Date 10/30/25
Style Quadruplex
Full Baths 4
Half Baths 1
Year Built 1925
Property Sub-Type MultiFamily
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 Area05083Wayne
Rooms
Basement Full, Unfinished
Interior
Heating Electric, ForcedAir, NaturalGas
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, BrickMortar
Sewer PublicSewer
Water Public, SeparateMeters
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition ShortSaleNo, Standard
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Bought with Brookstone, Realtors LLC






