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$ 325,000
Est. payment /mo
New
2340 CLEMENTS Street Detroit, MI 48238 5418
5 Baths
4,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $67
Subdivision Mi
MLS Listing ID 60386722
Style 2 Story
Full Baths 4
Half Baths 1
Year Built 1925
Annual Tax Amount $4,141
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50.00 x 118.00
Property Sub-Type Multi-Family
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 Detroit (82001)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $250
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA,FHA 203K
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by U.S. Investor Group