Sold for $555,000

$555,000

196 S Main St, Romeo, MI 48065

8beds

4,016sqft

Multi Family

Built in 1900

-- sqft lot

$578,200 Zestimate^®

$138/sqft

$1,128 Estimated rent

Home value

$578,200

$532,000 - $630,000

$1,128/mo

Zestimate^® history

Owner options

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$1,128/mo

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$1,128/mo

Rent Zestimate^®

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$3,631/mo

Est. payment

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$3,631/mo

Est. payment

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What's special

Vinyl windows

PRIME Income Generating Multi-Family Property in the heart of Romeo!! Fully Occupied with Long-Term Stable Tenants in this 6-Unit Apartment. The Main Street Romeo location allows tenants to walk to the Peach Fest and other great Romeo activities and events, and enjoy parades from the porch. Additionally this apartment building is in close walking distance to local shops, eateries and parks. Current owner has invested heavily into the property with various updates. These include Cosmetic, Electrical, separate Meters and Service Panels, Gas, separate Meters, Extending the Cement Front Porch with large overhang, and some Vinyl Windows. Ample paved parking for residents. If you are looking for property with great rental income potential, you have found it! Two 2-bed, 1 bath Units and Four 1-bed, 1 bath Units. MI basement with storage cages for tenants. Exterior painted in 2023. SHOWINGS AFTER OFFER ACCEPTANCE.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 6

Kitchen

Features: Eat-in Kitchen

Heating

Wall Furnace

Cooling

Ceiling Fan(s)

Appliances

Included: Bar Fridge, Disposal, Range/Oven, Refrigerator, Water Softener Owned, Gas Water Heater

Features

High Ceilings
Flooring: Ceramic Tile
Basement: MI Basement,Crawl Space
Has fireplace: No

Interior area

Total structure area: 4,016
Total interior livable area: 4,016 sqft

Property

Parking

Total spaces: 3
Parking features: 3 or More Spaces, Lighted

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Exterior features: Sidewalks, Street Lights

Lot

Size: 0.26 Acres
Dimensions: 83' x 134'
Features: Large Lot - 65+ Ft., Sidewalks, Corner Lot, Main Street

Details

Additional structures: Shed(s)
Parcel number: 280402134011
Zoning description: Commercial
Special conditions: Private

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Other
Foundation: Basement

Condition

Year built: 1900

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public
Utilities for property: Cable/Internet Avail.

Community & HOA

Community

Subdivision: J.L. Benjamin Addition

HOA

Has HOA: Yes
Services included: Cable TV, Trash

Location

Region: Romeo

Financial & listing details

Price per square foot: $138/sqft
Annual tax amount: $6,425
Date on market: 4/7/2025
Cumulative days on market: 6 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Lease term: Month To Month

Price history

Date	Event	Price
4/30/2025	Sold	$555,000+0.9%$138/sqft
Source: MiRealSource #50170664 Report a problem
4/13/2025	Pending sale	$549,900$137/sqft
Source: MiRealSource #50170664 Report a problem
4/7/2025	Listed for sale	$549,900$137/sqft
Source: MiRealSource #50170664 Report a problem