224 Chandler Street Romeo, MI $ 460,000
224 Chandler Street
$ 460,000
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224 Chandler Street

Romeo, MI, 48065
$ 460,000
Baths4.0 Sq 2,366

Monthly Estimate*

$ 2,832

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Studio

Multi-Family Home for sale in Romeo, MI

for $460,000 with 4 full baths. This 2,366 square foot home was built in 1950 on a lot size of 0.18.

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.

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Multi-Family Active

Price

$ 460,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,427

Style

Lot Size

0.18

Year Built

1950

Town/City

Romeo

County/Region

Macomb

MLS | Web ID

60970377

Features
General
Heating Forced Air
Possession At Close
Water Community
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1950
Parking On Street
Subdivision A/P # 02 Romeo/Bruce MI
County Macomb
Class MULTIFAMILY
Type Multi-Family
Net Income 32800
Ownership Private
Municipality Romeo
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Romeo (50000)
Primary City Romeo
Directions West of Main St North side of Saint Clair
City Romeo
School District Romeo Community Schools
Financial Terms Cash Conventional
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 L
DOM 2
Postal Code 48065
Price Per Sq Ft Total AG 194.42
Public Remarks Excellent investment opportunity in the heart of Romeo just walking distance to vibrant downtown shops restaurants
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Interior
Basement Poured
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Exterior Aluminum Brick
Exterior Amenities Deck Patio
Lot Size Area 0.18
Lot Dimensions 120X66
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Jonathan Foukes

Listing Agent

Move Realty Llc

Broker

JFoukes@gmail.com

Email

Affordability Calculator

$3,535
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,832
Monthly Property Taxes
$702
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
760221 Elementary School
760372 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/18/2026$460,000 Listed Price

Map


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224 Chandler Street, Romeo, MI, 48065 is a Multi-Family Home for sale at $460,000 with 2,366 sqft and a lot size of 0.18. 224 Chandler Street is a studio with 4.0 baths and was built in 1950. The property's zip code is 48065 which is in Romeo, MI