$445,000

224 Chandler Street, Romeo Village, MI 48065

  • 4 baths |
  • 2,366 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $188/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 2:42PM
Listing Office:
Move Realty LLC : 5864052327
Listing Agent:
Jonathan E Foukes : 5864052327
MLS ID:
20261010122
  • Basement: FullUnfinished
  • Heating: Forced airNatural gas
  • Style: Quadruplex
  • Other Structures: DeckPatio
  • Pool: None
  • Parking: Parking lotOn streetPavedParking spaces: 6
  • Roofing: Asphalt
  • General: Aluminum sidingBrickTwoBasementPoured
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Romeo
  • County: Macomb
  • Zoning: T5N R12E SEC 35 ASSESSOR PLAT NO 2 A PART OF LOT 22 DESC AS; BEG AT A PTE ON W LINE LOT 22 N00*08'E 175.52 FT FR SW COR LOT 22; TH EXT N00*E 120.70 FT ALG W LINE LOT 22; TH N88*47'05"E 66.0 FT ALG N LINE OF LOT 22; TH S00*07'52"W 121.74 FT ALG E LINE LOT 22; TH S89*41'W 66.0 FT TO POB. VILLAGE OF ROMEO MANATRON #: 043-502-022-200135352011
  • Water: Community
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

This listing courtesy of Jonathan E Foukes , Move Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Amanda Moore Elementary School

209 Dickenson St, Romeo, MI, 48065

Grades KG-5

0.56 miles away

R

Romeo Middle School

11091 32 Mile Rd, Bruce Twp, MI, 48065

Grades 6-8

0.37 miles away

R

Romeo High School

62300 Jewell Rd, Washington, MI, 48094

Grades 9-12

3.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.