2340 Clements Street, Detroit, Michigan 48238

$469,000

Property Details

MLS#: 20261035646
Bedrooms: N/A
Bathrooms: 4.5
Square Feet: 4,800
Price per Sqft: $98
Lot Size: 0.14 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 4

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brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory.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

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 2340 Clements Street?

2340 Clements Street is listed at $469,000, or $98 per square foot.

How many bedrooms does 2340 Clements Street have?

This property has N/A bedrooms and 4.5 bathrooms, with 4,800 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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