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.
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 Details
Price:
$300,000
MLS #:
20251006393
Status:
Active
Beds:
0
Baths:
5
Address:
2340 Clements Street
Type:
Single Family
Subtype:
Multi Family
Subdivision:
ROBERT OAKMANS TWELFTH ST
Neighborhood:
05083 – Wayne
City:
Detroit
Listed Date:
Jun 8, 2025
State:
MI
Finished Sq Ft:
4,800
ZIP:
48238
Year Built:
1925
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Detroit
Interior
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Quadruplex
Construction Materials
Brick
Financial
Taxes
$6,552
Map
Community
- Address2340 Clements Street Detroit MI
- SubdivisionROBERT OAKMANS TWELFTH ST
- CityDetroit
- CountyWayne
- Zip Code48238
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