Active

224 Chandler Street

Romeo, Michigan 48065

$399,900 $1,685/Mo

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Overview

Bed

Bath

2,366

Sqft

0.18

Acre(Lot)

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.

Property Details

Property Type : Multifamily

Price : $399,900

AD Id : 75467785

MLS Id : 20261010122

Beds : 4

Lot Size : 0.18 Acre

Living Area Size : 2,366

Year Built : 1950

Garage : On Street,Paved

County : Macomb

Subdivision: Grand River Crest

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 4 Full Baths: 4
Room Information

Porches: Deck,Patio

Interior Features

Roof: Asphalt Basement Description: Unfinished
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1950 Building Stories: 2 Story Total Units: 4 Roof: Asphalt Foundation/Basement: Basement Architecture: Quadruplex
Exterior Features

Construction: Aluminum,Brick
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Community

Lot Information

Lot Size: 0.18 Lot Dimensions: 120X66
Property Information

SQ ft: 2366 Subdivision: A/P # 02 Romeo/Bruce Financing: Cash,Conventional

Listing Price Information

Original List Price: $460,000
Listing Information

Possession: At Close Legal Description: T5N R12E SEC 35 ASSESSOR PLAT NO 2 A PART OF LOT 22 DESC AS; BEG AT A PTE ON W LINE LOT 22 N00*08'E 175.52 FT FR SW COR LOT 22; TH EXT N00*E 120.70 FT ALG W LINE LOT 22; TH N88*47'05"E 66.0 FT ALG N LINE OF LOT 22; TH S00*07'52"W 121.74 FT ALG E LINE LOT 22; TH S89*41'W 66.0 FT TO POB. VILLAGE OF ROMEO MANATRON #: 043-502-022-20

Tax Information

Annual Tax: $8,427 Parcel Number: 0135352011
Possession

At Close
Legal Information

Legal Description: Section: T5N R12E SEC 35 ASSESSOR PLAT NO 2 A PART OF LOT 22 DESC AS; BEG AT A PTE ON W LINE LOT 22 N00*08'E 175.52 FT FR SW COR LOT 22; TH EXT N00*E 120.70 FT ALG W LINE LOT 22; TH N88*47'05"E 66.0 FT ALG N LINE OF LOT 22; TH S00*07'52"W 121.74 FT ALG E LINE LOT 22; TH S89*41'W 66.0 FT TO POB. VILLAGE OF ROMEO MANATRON #: 043-502-022-20

Unit 1 Information

# of Bedrooms: 4

School Information

School District: Romeo
Utility Information

Water: Community Sewer: Sewer (Sewer-Sanitary)

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ByOwner last updated this listing 06/17/2026 @ 04:12

MLS: 20261010122 LISTED BY: Jonathan E Foukes , Move Realty LLC 586-405-2327 SOURCE: Realcomp II Ltd