BEDS0
BATHS4 full
SQUARE FEET2,366
MLS#20261010122
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONA/P # 02 Romeo/Bruce
SCHOOLRomeo
Property Description
LAND CONTRACT TERMS: $230,000 DOWN 7% AMORTIZED OVER 30 YEARS, BALLOON BALANCE AFTER 5 YEARS....Excellent investment opportunity in the heart of Romeo just walking distance to vibrant downtown shops, restaurants, and community events. This well-maintained 4-unit multi-family property features two spacious 1-bedroom, 1-bath units, including two main-level units and two upper studio units. Two of the units offer full basements for additional storage and functionality. All units are occupied by long-term tenants, providing immediate and stable cash flow. Current gross monthly income is $3,415 with strong upside potential, as market rents could support income exceeding $4,000 per month. The property offers plenty of on-site parking to accommodate all occupants. The owner currently pays water, a small common electric bill, gas, lawn care, and snow removal. The roof is newer, and the building has been consistently well maintained, contributing to excellent tenant retention. To avoid disturbing tenants, showings will be scheduled upon an accepted offer only.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Quadruplex
Lot Size: 0.18 Acres
Year Built: 1950
Feature Descriptions
Architecture: Quadruplex
Days on Site: 70
Exterior: Aluminum, Brick
Foundation: Basement
Lot Dimensions: 0.18 Acre(s)
Road Frontage: Paved
Summer Tax: $7810.0000
Winter Tax: $617.1900
Local Schools
School District: Romeo
Listed By / Shown By
Listed By
Agency Name: Move Realty LLC
Agency Phone: (586) 405-2327
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 2,471.27 per month $2,348.80 Principal & Interest $0.00 Property Tax (data not provided by mls) $122.47 Homeowner's Insurance
224 Chandler Street | MLS# 20261010122
This multi-family property located at 224 Chandler Street, Romeo Vlg, MI 48065 is currently listed for sale with an asking price of $419,900. Chandler Street is located within the Romeo school district. Search Romeo Vlg real estate on www.ikeyrealty.com today.