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brick paint, plumbing systems, flooring, fully renovated kitchens and bathrooms with tile finishes, and the removal of outdated textured walls to create a clean, contemporary finish package designed to compete with newer rental inventory.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.
Listed By
Agency Name: Premier Realty Service LLC
Agency Phone: (248) 255-2474
Shown By
Agent Name: Carol Griffith
Agent Phone: (810) 227-1016 ext. 203
Agency Title: Griffith Realty
Estimated Payment
$ 1,180.58 per month $1,043.79 Principal & Interest $0.00 Property Tax (data not provided by mls) $136.79 Homeowner's Insurance
2340 Clements Street | MLS# 20261035646
This multi-family property located at 2340 Clements Street , Detroit, MI 48238 is currently listed for sale with an asking price of $469,000. Clements Street is located within the Detroit school district. Search Detroit real estate on cgriffith.griffithrealty.com today.