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$ 475,000
Est. payment /mo
New
261 S Main Street Romeo, MI 48065
4 Baths
0.51 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Village of Romeo
Subdivision Village Of Romeo
MLS Listing ID 20251035468
Year Built 1920
Annual Tax Amount $9,106
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 55X404
Source Realcomp
Property Description
Located in the vibrant and charming downtown Village of Romeo, Michigan, this rare 4-unit multi-family property offers a perfect blend of a convenient lifestyle and the perfect investment opportunity. Each of the four well-maintained units features a one-bedroom, one-bathroom layout designed for comfortable, efficient living with a new roof in 2024 offering additional peace of mind. Interior pictures show a once booming Airbnb, currently all units are occupied displaying the high demand for rentals in the area. Situated on a spacious half-acre lot, there's plenty of room to enjoy and relax. A bonus: the detached garage in the backyard is also rented, adding another stream of passive income. Just steps from Romeo's shops, local dining, and year-round events, this property offers an authentic small-town atmosphere with all the modern conveniences. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property offers flexibility to suit your investment goals. Each unit has its own separate electrical meter for simplified management.
Location
State MI
County Macomb
Area Macomb County - 50
Zoning Multi-Family
Direction M-53 To 32 Mile West To Main St South Located On East Side
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Wood Siding
Schools
School District Romeo
Others
Tax ID 0402136016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Wessel Realty
