Exceptional investment opportunity in the heart of Romeo! This well-maintained duplex offers two spacious 2-bedroom units, each featuring private laundry and separate utilities, making management simple and appealing to both owners and tenants. One unit is currently leased at $1,400 per month through February 2027, providing immediate and stable rental income, while the vacant unit offers flexibility for an owner-occupant or the opportunity to secure additional market-rate rent. Each unit also includes access to a large private storage space on the property, creating potential for additional income. Located just a short walk from downtown Romeo, tenants can enjoy convenient access to the area's popular shops, restaurants, parks, and community events. Opportunities like this are hard to find in such a highly desirable market, offering strong value at this price point with both current cash flow and future upside potential. Whether you're looking to expand your portfolio or live in one unit while generating rental income from the other, this property is a must-see.
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.
