224 Chandler ST, Romeo Village, MI 48065
224 Chandler ST, Romeo Village, MI 48065
224 Chandler ST, Romeo Village, MI 48065
28
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$430,000
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4 Baths
2,366 SqFt
Active

224 Chandler ST Romeo Village, MI 48065

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Mark Schmansky

Mark Schmansky

+1(248) 701-0207

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 2,366 sqft

Subdivision A/P # 02 Romeo/Bruce

MLS Listing ID 20261010122

Style Quadruplex

Full Baths 4

Year Built 1950

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type MultiFamily

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.

Location

State MI

County Macomb

Area Area03202Romeovlg

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features ParkingLot, OnStreet, Paved

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Poured

Sewer Public Sewer

Water Community

New Construction No

Schools

High Schools Romeo

School District Romeo

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Realcomp MLS
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Listed by Jonathan E Foukes of Move Realty LLC

NEARBY SCHOOL & BUSINESS

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Mark Schmansky

Mark Schmansky

Founder/Associate Broker | License ID: 6501380043

+1(248) 701-0207

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