303 E LAFAYETTE Street

Romeo, MI, 48065

$625,000

$186 per ft²
$625,000
$186 per ft²
Active Under Contract
Active Under Contract
 - For Sale
baths
4 Baths
carpenters-square
3,355 ft²
property_type
Multi-family
Highly desired Downtown Romeo 4 unit income property. Tons of recent capital improvements over the past year. All units are exactly the same, 2bdrm, 1 bath, in-unit laundry. Fully leased with long term tenants. Combined gross monthly rental income is $4,300. rents are: ($1200, $1150, $1000, $900) Annual $51,600. There is room to raise rents about $6,000 annually. Capital improvements include 2 heavily renovated units with new kitchens, baths, flooring, appliances, paint. All units have new exterior doors and all windows. Tenants pay all utilities (water, gas, electric) Landlord expenses include property taxes, building insurance, water softener salt & grounds maintenance. No showings without an accepted offer to avoid disturbing tenants.
MLS® ID:
20230011809
Listed:
2/16/23
Updated:
3/30/23

Interior Features

Total Bedrooms
0
Full Bathrooms
4
Interior Features
Laundry Facility
Cooling
Central Air
Heating
Forced Air

Exterior/Building Features

Lot Size
10,890 ft² lot
Architectural Style
Ranch
Roof
Asphalt
Sewer
Public Sewer (Sewer-Sanitary)

School Information

School District
Romeo

Other Property Details

Area Name
Romeo Vlg
Taxes
$5567.0000
Tax Frequency
per YEAR
Garage
No
Parking
8
Parking Total
8.0
View
N
County
Macomb
Water Source
Community
Pool
No
Zoning
Multi-Family
Buyer Agency Compensation
2.5%

Property History

Date
Event
Price
Value
2/24/23
Active Under Contract
-
-

 

Courtesy of Move Realty LLC

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Originating MLS: MI - Realcomp II LTD. (REALCOMP)
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Data last updated 2:06 PM UTC, 3/30/23

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