224 Chandler Street, Romeo Village, Michigan 48065

$460,000

Property Details

MLS#: 20261010122
Bedrooms: N/A
Bathrooms: 4
Square Feet: 2,366
Price per Sqft: $194
Lot Size: 0.18 acres
Year Built: 1950
Property Type: ResidentialIncome
Status: Active
Days on Market: 6

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.

Location

This property is located in Romeo Village, Michigan. Romeo Village is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 224 Chandler Street?

224 Chandler Street is listed at $460,000, or $194 per square foot.

How many bedrooms does 224 Chandler Street have?

This property has N/A bedrooms and 4 bathrooms, with 2,366 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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