Detroit, MI 48238,2340 Clements ST
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Detroit, MI 48238,2340 Clements ST
Detroit, MI 48238,2340 Clements ST
Detroit, MI 48238,2340 Clements ST
Detroit, MI 48238,2340 Clements ST

$250,000

Est. payment /mo
Est.Price: ?

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2340 Clements ST Detroit, MI 48238

5 Baths

4,800 SqFt

SOLD DATE : 10/30/2025

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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Tony And Renee DeKroub

Tony And Renee DeKroub

+1(517) 404-4270

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Realcomp MLS
Listed by Maryott Tijerina of Brookstone, Realtors LLC
Bought with Brookstone, Realtors LLC
Tony And Renee DeKroub

Tony And Renee DeKroub

Agent | License ID: 6501245221

+1(517) 404-4270

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