Basics
| Status Active | Category ResidentialIncome | Type MultiFamily | Year built 1950 |
| Area, sq ft 2366 sq ft | MLS ID 20261010122 | Date added Added 2 days ago | Subdivision Name A/P # 02 ROMEO/BRUCE |
| Bathrooms Full 4 | Lot Size Acres 0.18 acres | Address RomeoVillage_Macomb, Michigan, 48065 |
Description
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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.
Rooms
- Bathrooms: 4 baths
Building Details
- Roof: Asphalt
- Construction Materials: AluminumSiding, Brick
- Basement: Full, Unfinished
- Architectural Style: Quadruplex
- Basement YN: Yes
- Sewer: PublicSewer
- Heating: ForcedAir, NaturalGas
- Garage YN: No
- Levels: Two
Location
- City / Department: RomeoVillage_Macomb
- State: Michigan
- Zip / Postal Code: 1215
- County Or Parish: Macomb
Amenities & Features
- Waterfront YN: No
- Pool Features: None
- Fireplace YN: No
- Pool YN: No
- Parking Features: ParkingLot, OnStreet, Paved
- WaterSource: Community
Financial
- Homestead YN: No
School Information
- High School District: Romeo
Miscellaneous
- Listing Terms: Cash, Conventional
- Pets Allowed: Yes
Courtesy of
- List Office Name: Move Realty LLC