2340 Clements Street

Detroit, Michigan 48238

  • 12 Bed(s)
  • 4.5 Bath(s)
  • 4,800 Sqft
  • 0.14
    Acre(Lot)
$300,000

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 rent, for 3-bedroom units at $1,300, this makes it a highly attractive investment.
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.

  • Property Type

    Multifamily

  • Subdivision

    Robert Oakmans Twelfth St

  • County

    Wayne

  • Style

    Quadruplex

  • AD ID

    50110222

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Property Details

  • Bathroom Information

    • Total Baths: 4.5
    • Full Baths: 4
    • Half Baths: 1

    Interior Features

    • Basement Description: Unfinished,Common

    Heating & Cooling

    • Heating: Forced Air
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1925
    • Building Stories: 2 Story
    • Total Units: 4
    • Foundation/Basement: Basement
    • Architecture: Quadruplex

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.14
    • Dimensions: 50 x 118

    Property Information

    • SQ ft: 4800
    • Subdivision: Robert Oakmans Twelfth St
    • Financing: Cash,Conventional,FHA,VA

  • Listing Price Information

    • Original List Price: $300,000

    Listing Information

    • Possession: At Close
    • Legal Description: N CLEMENTS 125 R OAKMANS 12TH ST SUB L34 P90 PLATS, W C R 8/145 49.53 IRREG

  • Tax Information

    • Annual Tax: $6,552
    • Parcel Number: 08004549

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: N CLEMENTS 125 R OAKMANS 12TH ST SUB L34 P90 PLATS, W C R 8/145 49.53 IRREG

  • Multi-Unit Information

    • Road Frontage: Paved

    Unit 3 Information

    • # of Bedrooms: 4

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 06/12/2025 @ 05:06

  • MLS: 628409223
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 12 bedrooms which is for sale, it has 4,800 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.