Located in the vibrant and charming downtown Village of Romeo, Michigan, this rare 4-unit multi-family property offers a perfect blend of a convenient lifestyle and the perfect investment opportunity. Each of the four well-maintained units features a one-bedroom, one-bathroom layout designed for comfortable, efficient living with a new roof in 2024 offering additional peace of mind. Interior pictures show a once booming Airbnb, currently three units are occupied and the fourth has great long term rental appeal or potential for an Airbnb. Situated on a spacious half-acre lot, there's plenty of room to enjoy and relax. A bonus: the detached garage in the backyard is also rented, adding another stream of passive income. Just steps from Romeo's shops, local dining, and year-round events, this property offers an authentic small-town atmosphere with all the modern conveniences. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property offers flexibility to suit your investment goals. Each unit has its own separate electrical meter for simplified management.
Romeo is located in Michigan. Romeo, Michigan has a population of 3,729. Romeo is less family-centric than the surrounding county with 27.13% of the households containing married families with children. The county average for households married with children is 28.44%.
The median household income in Romeo, Michigan is $53,845. The median household income for the surrounding county is $67,828 compared to the national median of $69,021. The median age of people living in Romeo is 47.6 years.
The average high temperature in July is 82 degrees, with an average low temperature in January of 14.4 degrees. The average rainfall is approximately 33.4 inches per year, with 35.4 inches of snow per year.
