500 Romeo Road # condo rental portfolio Rochester, MI $ 900,000
500 Romeo Road # condo rental portfolio
$ 900,000
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500 Romeo Road # condo rental portfolio

Rochester, MI, 48307
$ 900,000
Bedrooms-- Baths-- Sq 4,926

Monthly Estimate*

$ 5,541

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Commercial Property for sale in Rochester, MI

for $900,000. This 4,926 square foot building was built in 1964 on a lot size of 2.88.

Six condominium portfolio in larger condo community (ask about a 7th unit available); Class A location, well-run HOA. Secure a rare, cash-flowing 6-unit condo package in a well-maintained complex across three buildings, located just minutes from downtown Rochester. This stabilized investor opportunity includes 5 x 2-bed units and 1 x 1-bed unit, all occupied with reliable tenants, generating immediate rental income. Several units feature full remodels, others have value add opportunities to increase market rent or flip to a buyer. This portfolio offers instant scale, reliable cash flow, and long-term upside in a high-demand rental market—perfect for investors ready to grow fast. Please do not disturb tenants.

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Commercial Contingent

Price

$ 900,000

Property Type

Commercial

Taxes

$ 8,376

Style

RealEstateOnly

Lot Size

2.88

Year Built

1964

Town/City

Rochester

County/Region

Oakland

MLS | Web ID

20251056383

Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas
Cooling WallWindowUnits
Possession RentalAgreement
Garage Spaces 0.0
Construction Materials Brick
Year Built 1964
Unit Number condo rental portfolio
Property Subtype RealEstateOnly
Current Use Residential
Business Type Apartments
County Oakland
Net Operating Income 56356.0
Operating Expense 34904.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Contingency AcceptingBackupOffers
Subdivision Name ROCHESTER VILLAGE CONDO
Garage Y/N N
Status Accepting Backup Offers
Directions E on Romeo Rd from S Rochester Rd buildings on right
City RochesterCity_Oakland
Senior Community Y/N N
High School District Rochester
Zoning Description Residential
Number Of Units Total 6
MLS Area Area02152Rochester
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 6
Land Lease Y/N N
Tax Annual Amount 8376.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status ActiveUnderContract
Occupancy Type Tenant
Tax Assessed Value 166120
Expected Active Date 2025-12-16
Legal Description T3N R11E SEC 11 OAKLAND COUNTY CONDOMINIUM PLAN NO 1729 ROCHESTER VILLAGE CONDO UNIT 40 BLDG C L 35285 P 222 4-8-05 FR 327-001
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Exterior
Parking Features ParkingLot
Water Source Other
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions Irregular
Lot Size Acres 2.88
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 4926.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 500
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* Excluded Features
List By
Jan Dijkers

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

(313) 658-6400

Phone

Affordability Calculator

$6,239
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,541
Monthly Property Taxes
$698
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848546 Elementary School
848028 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2025$900,000 Listed Price

Map


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500 Romeo Road # condo rental portfolio, Rochester, MI, 48307 is a Commercial Property for sale at $900,000 with 4,926 sqft and a lot size of 2.88. 500 Romeo Road # condo rental portfolio was built in 1964. The property's zip code is 48307 which is in Rochester, MI