224 Chandler Street

Romeo MI 48065

2366 sq. ft.

0.18 ac.

Multi-Family

Last sold for $358,000

Jonathan Foukes, last sold this property on 09 July 2026 after 140 days on market.

Overview

LAND CONTRACT TERMS: $230,000 DOWN 7% AMORTIZED OVER 30 YEARS, BALLOON BALANCE AFTER 5 YEARS....Excellent investment opportunity in the heart of Romeo just walking distance to vibrant downtown shops, restaurants, and community events. This well-maintained 4-unit multi-family property features two spacious 1-bedroom, 1-bath units, including two main-level units and two upper studio units. Two of the units offer full basements for additional storage and functionality. All units are occupied by long-term tenants, providing immediate and stable cash flow. Current gross monthly income is $3,415 with strong upside potential, as market rents could support income exceeding $4,000 per month. The property offers plenty of on-site parking to accommodate all occupants. The owner currently pays water, a small common electric bill, gas, lawn care, and snow removal. The roof is newer, and the building has been consistently well maintained, contributing to excellent tenant retention. To avoid disturbing tenants, showings will be scheduled upon an accepted offer only.

Features

4 bathrooms

2366 sq. ft. floor area

0.18 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Romeo over the last 12 months, the estimated median property value of 224 Chandler Street is $330.5k.

Median value

$330.5k

Estimated value range

$295k - $358k

Median days on market

Estimated value trend

20%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Romeo. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 224 Chandler Street

2026

Sold

$358,000

09 Jul 2026 by Jonathan Foukes, of Move Realty LLC

2020

Sold

$199,000

11 Aug 2020 by Carol Z Koepplin, of Century 21 Collins-Romeo

2015

Sold

$135,000

09 Nov 2015 by Katie Weaver, of Real Living Kee Realty-Washington

Happy sellers in Romeo

We have insufficient information to provide an overview of customer satisfaction for Romeo. Viewing the agent profiles, reviews and sales for Romeo can provide insights for this location.