2340 CLEMENTS Street Detroit, MI 48238
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $67
Subdivision Robert Oakmans Twelfth St (Plats)
MLS Listing ID 20250026829
Style Quadruplex
Bedrooms 4
Full Baths 4
Half Baths 1
Originating Board Realcomp II Ltd
Year Built 1925
Annual Tax Amount $4,141
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50.00 x 118.00
Property Sub-Type Quadruplex
Property Description
Welcome to 2340 Clements, a highly desirable 4-unit multifamily property nestled in Detroit's historic Oakman neighborhood. Each of the four spacious units offers 3 generous bedrooms, designed with functionality. Designed to meet the needs of families, roommates, or tenants seeking more space.
Four times the rental income in one location, making it a dream for investors looking for strong cash flow in a growing area. The property is also close to the University of Detroit Mercy and Marygrove College, making it a great fit for student.Section 8 market rent for a 3 bedroom unit starts at 1,300, making this property an ideal cash-flowing investment with strong rental upside.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction West Davison and North La Salle blvd +++GGG++++PPPPP++++++++++++SSS+
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Porch Balcony
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Quadruplex
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W08I004549S
Ownership Short Sale - No,Private Owned
Assessment Amount $250
Acceptable Financing Cash, Contract, Conventional, FHA, FHA 203K, VA, Warranty Deed
Listing Terms Cash, Contract, Conventional, FHA, FHA 203K, VA, Warranty Deed
Financing Cash,Contract,Conventional,FHA,FHA 203K,VA,Warranty Deed
