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$ 469,000
Est. payment /mo
New
2340 Clements Street Detroit, MI 48238
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 $97
Subdivision Mi
MLS Listing ID 60993877
Style 2 Story
Full Baths 4
Half Baths 1
Year Built 1925
Annual Tax Amount $4,181
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50 x 118
Property Sub-Type Multi-Family
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brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory.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 Detroit (82001)
Zoning Residential
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
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Premier Realty Service LLC
NEARBY SCHOOL & BUSINESS
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