Building Details

Year Built 1924

Listing Agency: Golden Key Real Estate LLC r***@goldenkeydetroit.com Show Phone

Listed By: Ryan Heward · License #6502401117

Source: Metrodetroithomeguide

Added: Sep 11, 2024 Changed: Aug 29 Last Checked: Aug 29 at 9:06AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Golden Key Real Estate LLC

Investment Insights

Based on property information with market context.

This multifamily property was constructed in 1924 and is currently tenant occupied. The existing occupancy provides an established residential income use, while the property information also identifies potential for owner occupancy.

Located at 2732 S Clements St in Detroit, Michigan, the property is offered for sale. Prospective parties should respect the tenant-occupied status and not disturb the resident.

Key Highlights

• Multifamily property at 2732 S Clements St, Detroit, MI 48238
• Built in 1924
• Currently tenant occupied

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Gym & Fitness Center (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

448

Businesses Nearby

Explore this area Business Placement

Demographics for 48238, MI

25,747

Population

16,341

Households

1.6

Avg Household Size

37

Median Age

13%

College-Educated

84%

High-School Grad

5.4 sq mi

ZIP Area

4,768

Density / Sq Mi

$30,286

Median Household Income

$25,948

Median Earnings

$950

Median Rent

$58,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property built in 1924 with an existing tenant in place.

Where is this multifamily property located?

The property is located at 2732 S Clements St Detroit, MI.

What is the asking price?

The asking price for this property is $135,000.

What are key features of this property?

This property features: Multifamily property at 2732 S Clements St, Detroit, MI 48238; Built in 1924; Currently tenant occupied