Romeo Vlg, MI 48065,303 E LAFAYETTE Street
$585,000
$625,000
6.4%
Est.Price: ?

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4 BD
4 BA
3,355 SqFt

303 E LAFAYETTE Street Romeo Vlg, MI 48065

Est. payment /mo
SOLD DATE : 04/10/2023

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Key Details

Sold Price $585,000

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

Sold Date 04/10/23

Style Ranch

Bedrooms 4

Full Baths 4

Originating Board Realcomp II Ltd

Year Built 1991

Annual Tax Amount $5,567

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 75.00 x 150.00

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

Direction North side of Lafayette

Interior

Interior Features Laundry Facility

Hot Water Natural Gas

Heating Forced Air

Cooling Central Air

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 8.0

Pool No

Roof Type Asphalt

Porch Patio

Road Frontage Paved

Building

Foundation Crawl

Sewer Public Sewer (Sewer-Sanitary)

Water Community

Architectural Style Ranch

Level or Stories 1 Story

Structure Type Brick,Vinyl

Schools

School District Romeo

Others

Pets Allowed Yes

Tax ID 0402201013

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2021

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Move Realty LLC
Bought with KW Domain

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Barrett Real Estate

+1(480) 864-2100

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