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 $62
Subdivision Robert Oakmans Twelfth St
MLS Listing ID 20251006393
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
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 Exit On Davison
Rooms
Basement Unfinished, Common
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
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 08004549
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
