MI > Detroit > Robert Oakmans Twelfth St
Detroit, MI 48238,2340 Clements Street
Detroit, MI 48238,2340 Clements Street
Detroit, MI 48238,2340 Clements Street
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$260,000
Est. payment /mo
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4 Beds
4.5 Baths
4,800 SqFt
New

2340 Clements Street Detroit, MI 48238

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Maria Reyes

Maria Reyes

+1(248) 943-2250

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $54

Subdivision Robert Oakmans Twelfth St

MLS Listing ID 20251035906

Style Quadruplex

Bedrooms 4

Full Baths 4

Half Baths 1

Year Built 1925

Annual Tax Amount $6,552

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50 x 118

Property Sub-Type Quadruplex

Source Realcomp II Ltd

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 Wayne

Zoning Residential

Direction Located Just East Of Linwood St And South Of Davison St, 2340 Clements St Is Easily Accessible Via I-96 And The Davison Freeway. From Davison, Head South On Linwood, Then Turn East Onto Clements St. The Home Is Situated Mid-Block On The North Side Of The Street, Near Local Parks, Schools, And Public Transit Routes.

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Electric, Natural Gas

Exterior

Road Frontage Paved

Garage no

Private Pool No

Building

Foundation Basement

Sewer Sewer (Sewer-Sanitary)

Water Public (Municipal), Separate Meters

Architectural Style Quadruplex

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed No

Tax ID W08I004549S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Maryott Tijerina of Brookstone, Realtors LLC

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Maria Reyes

Maria Reyes

Team & Area Leader | License ID: 6501350194

+1(248) 943-2250

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2340 Clements Street