Romeo Vlg, MI 48065,303 E LAFAYETTE Street

$625,000

Est. payment /mo
Est.Price: ?

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303 E LAFAYETTE Street Romeo Vlg, MI 48065

4 Beds

4 Baths

3,355 SqFt

SOLD DATE : 04/10/2023

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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Realcomp MLS
Listed by Jonathan E Foukes of Move Realty LLC
Bought with KW Domain
Charles Laird

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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