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$300,000
Est. payment /mo
2 Baths
0.31 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Municipality Village of Romeo
Subdivision Village Of Romeo
MLS Listing ID 20261047529
Year Built 1870
Annual Tax Amount $7,165
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 80X168
Source Realcomp
Property Description
Exceptional investment opportunity in the heart of Romeo! This well-maintained duplex offers two spacious 2-bedroom units, each featuring private laundry and separate utilities, making management simple and appealing to both owners and tenants. One unit is currently leased at $1,400 per month through February 2027, providing immediate and stable rental income, while the vacant unit offers flexibility for an owner-occupant or the opportunity to secure additional market-rate rent. Each unit also includes access to a large private storage space on the property, creating potential for additional income. Located just a short walk from downtown Romeo, tenants can enjoy convenient access to the area's popular shops, restaurants, parks, and community events. Opportunities like this are hard to find in such a highly desirable market, offering strong value at this price point with both current cash flow and future upside potential. Whether you're looking to expand your portfolio or live in one unit while generating rental income from the other, this property is a must-see.
Location
State MI
County Macomb
Zoning Residential
Direction M-53 to 32 Mile to Dickenson N
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Water Public
Structure Type Vinyl Siding
Schools
School District Romeo
Others
Tax ID 0135377008
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Listed by Keller Williams Somerset
NEARBY SCHOOLS & PROPERTIES
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