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224 Chandler Street, Romeo, MI 48065

Romeo
Local realty services provided by:CENTURY 21 Metro Brokers
224 Chandler Street,Romeo, MI 48065
$399,900
  • - Beds
  • 4 Baths
  • 2,366 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan e foukes
Office: move realty llc.
MLS#:20261010122
Source:MI_REALCOMP

Price summary

  • Price:$399,900
  • Price per sq. ft.:$169.02

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:20261010122
  • Added:121 day(s) ago
  • Updated:June 20, 2026 at 09:56 AM

Rooms and interior

  • Total bathrooms:4
  • Full bathrooms:4
  • Basement Description:Full, Unfinished
  • Living area:2,366 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1950
  • Building area:2,366 sq. ft.
  • Lot area:0.18 Acres
  • Architectural Style:Quadruplex
  • Construction Materials:Aluminum Siding, Brick
  • Exterior Features:Deck, Patio
  • Foundation Description:Basement, Poured
  • Levels:Two

Utilities

  • Water:Community
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,900
  • Price per sq. ft.:$169.02
  • Tax amount:$8,427

Parking

  • Total parking spaces:6
  • Parking description:On Street, Parking Lot, Paved
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