MI
Macomb
Romeo Village
48065
224 Chandler Street
224 Chandler Street, Romeo Village, MI 48065
Share Listing
Listing Type
Multi Family
Listing Status
Active
29
$460,000

Home Details for 224 Chandler Street

Price
$460,000
Type
Residential Income
Bedrooms
4
Bathrooms
4.0
Square feet
2366
Year built
1950
Lot size acres
0.18
County
Macomb
Garage
Basement
Full, Unfinished
Days on site
6
MLS Listing#
20261010122
Property Description

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 four spacious 1-bedroom, 1-bath units, including two main-level units and two upper 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 $3,475 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, 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
  • Parking
    • Parking Lot
    • On Street
    • Paved
  • Heating Information
    • Forced Air
    • Natural Gas
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • None
Listing Courtesy: Move Realty LLC - 586-405-2327
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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