2340 Clements Street, Detroit, MI 48238
2340 Clements Street, Detroit, MI 48238
2340 Clements Street, Detroit, MI 48238
2340 Clements Street, Detroit, MI 48238
2340 Clements Street, Detroit, MI 48238
2340 Clements Street, Detroit, MI 48238
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Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 469,000
Est. payment | /mo

5 Baths

4,800 SqFt

Save
$ 469,000
Est. payment | /mo
Save

5 Baths

4,800 SqFt

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brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory.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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Premier Realty Service LLC

Schools and Properties Nearby

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Shannon Bagdonas
Shannon Bagdonas

Team Lead / Broker Partner

+1(313) 766-8387

movinginmichigan.net

6838 Park Ave, Allen Park, MI, 48101-2036, USA

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2340 Clements Street