$625,000
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303 E LAFAYETTE Street Romeo Vlg, MI 48065
4 Beds
4 Baths
3,355 SqFt
Key Details
Property Type Multi-Family
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 3,355 sqft
Price per Sqft $174
Subdivision Baileys Addition
MLS Listing ID 20230011809
Style Ranch
Bedrooms 4
Full Baths 4
Year Built 1991
Annual Tax Amount $5,567
Lot Size 10,890 Sqft
Property Sub-Type Ranch
Property Description
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.
Location
State MI
County Macomb
Area Romeo Vlg
Zoning Multi-Family
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Laundry 1
Exterior
Garage Spaces 8.0
Roof Type Asphalt
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Community
Structure Type Brick,Vinyl
Schools
School District Romeo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with KW Domain
