Homes for sale - 2340 Clements Street, Detroit, MI 48238

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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

$260,000

Est. payment - /mo

5 Baths

6,098 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Wayne City

Subdivision Wayne City

MLS Listing ID 20251035906

Year Built 1925

Annual Tax Amount $6,552

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50 x 118

Source Realcomp

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 County - 100

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.

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W08I004549S

Acceptable Financing Cash

Listing Terms Cash

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Listed by Brookstone, Realtors LLC

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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2340 Clements Street Detroit, MI 48238

Chollie Houghtaling

Key Details

Location

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Exterior

Building

Schools

Others

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2340 Clements Street