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Listed price in listed location currency (USD).
$460,000

046

MLS® 20261010122

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2366 sqft
Garage No
Taxes $8,427
Days Active 2
Lot Size 0.18 acres
Approx. Age 1950
Avg. Price Per Sqft $194
MLS® Number 20261010122

Property Address: 224 Chandler St, Romeo, MI, 48065-4600

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261010122
Laundry Level
Central VacNo
FireplaceNo
Acreage0.18
Exterior
GarageNo
Approx. Age1950
BasementFull, Unfinished
DrivewayParking Lot, On Street, Paved
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 18, 2026List Date
$460,000List Price
  • Commute

Commute

Starting Address
Destination Address
224 Chandler St, Romeo, MI

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