224 Chandler St, Romeo Village, MI 48065
- $358,000
- 4
- BA
- 2,366
- SqFt
- Sold Price
- $358,000
- List Price
- $399,900
- Closing Date
- Jul 09, 2026
- MLS#
- 20261010122
- Status
- CLOSED
- Bathrooms
- 4
- Subdivision
- A/P # 02 ROMEO/BRUCE
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.
Additional Information
- Year Built
- 1950
- Basement Type
- Full, Unfinished
- Acres
- 0.18
- Style
- Quadruplex
- Acres
- 0.18
- School District
- Romeo
- Heating
- Forced Air, Natural Gas
- Garage Description
- Parking Lot, On Street, Paved
Mortgage Calculator
Courtesy of Move Realty LLC 5864052327
Selling Office: Move Realty LLC.
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