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$ 325,000
Est. payment /mo
Active
2340 CLEMENTS Street Detroit, MI 48238
5 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250026829
Originating Board Realcomp
Year Built 1925
Annual Tax Amount $4,141
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50.00 x 118.00
Property Description
Multi-Unit Gem in Detroit's Historic Oakman Neighborhood.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 Wayne County - 100
Zoning Multi-Family
Direction West Davison and North La Salle blvd +++GGG++++PPPPP++++++++++++SSS+
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W08I004549S
Acceptable Financing Cash, Conventional, FHA, Contract, VA Loan
Listing Terms Cash, Conventional, FHA, Contract, VA Loan
Listed by U.S. Investor Group