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David Lamarand

dave@metrodetroitdave.com +1(313) 622-0239

$ 469,000

Est. payment -/mo

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2340 Clements ST Detroit, MI 48238

5 Baths

4,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $97

Subdivision Robert Oakmans Twelfth St

MLS Listing ID 20261035646

Style Quadruplex

Full Baths 4

Half Baths 1

Year Built 1925

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type MultiFamily

Property Description

This fully renovated 4-unit multifamily property offers an exceptional house hacking opportunity for owner-occupants seeking to live in one unit while generating strong rental income from the remaining three. Rare opportunity for investors seeking a stabilized property with future expansion potential. Each spacious unit offers 3 bedrooms and 1 bathroom, with current market-supported rents of $1,587 per month for comparable 3-bedroom units within the subject ZIP code Section 8 market. The property underwent a complete gut renovation with ownership strategically modernizing the asset to support operational efficiency. Improvements include exterior brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory. Also offering additional space for future enhancements. The expansive basement may provide an opportunity for amenities such as coin-operated laundry, tenant storage, or other uses as determined by ownership. The oversized attic with approximately 12-foot ceilings offers additional space that may present expansion possibilities, subject to buyer due diligence, municipal approvals, zoning requirements, permitting, and all applicable city regulations. Two tenants already secured by closing.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Partial, Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Exterior Feature Balcony

Pool None

View Y/N No

Roof Type ENERGYSTARShingles

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public, SeparateMeters

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, Trade1031Exchange, WarrantyDeed

Listing Terms Cash, Conventional, FHA, Trade1031Exchange, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No

Listed by Maryott Tijerina of Premier Realty Service LLC

NEARBY SCHOOLS & PROPERTIES

David Lamarand

Agent | License ID: 420941

+1(313) 622-0239

David Lamarand

2340 Clements ST Detroit, MI 48238

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2340 Clements ST