Last Sold Price
4,926 sqft$177/sqft
500 Romeo Road, Rochester, MI 48307

Description

Six condominium portfolio in larger condo community (ask about a 7th unit available); Class A location, well-run HOA. Secure a rare, cash-flowing 6-unit condo package in a well-maintained complex across three buildings, located just minutes from downtown Rochester. This stabilized investor opportunity includes 5 x 2-bed units and 1 x 1-bed unit, all occupied with reliable tenants, generating immediate rental income. Several units feature full remodels, others have value add opportunities to increase...Six condominium portfolio in larger condo community (ask about a 7th unit available); Class A location, well-run HOA. Secure a rare, cash-flowing 6-unit condo package in a well-maintained complex across three buildings, located just minutes from downtown Rochester. This stabilized investor opportunity includes 5 x 2-bed units and 1 x 1-bed unit, all occupied with reliable tenants, generating immediate rental income. Several units feature full remodels, others have value add opportunities to increase market rent or flip to a buyer. This portfolio offers instant scale, reliable cash flow, and long-term upside in a high-demand rental market - perfect for investors ready to grow fast. Please do not disturb tenants.
LISTING CLOSED: 03/31/2026 10:19 AM

  1. Listed by Jan Dijkers • Berkshire Hathaway HomeServices The Loft Warehouse
    P: (313) 319-1370 C: (313) 319-1370 jandsells@gmail.com

Property Details for 500 Romeo Road

Status
MLS #
60968642
Days on Market
5
Taxes
$8,376 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1964
Lot Size
2.88 AC / 125,452 SF
Architectural Style
1 Story
Subdivision Name
Rochester Village Condo
Has Waterfront
No
Zoning Description
Residential

Location

Listing Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse

Sold By LPS

Add your commute

Building Information for 500 Romeo Road

Stories1Residences6Year Built1964Building Size-Lot Size2.88 AC / 125,452 SF

Payment Calculator

$5,120 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,422

Property Taxes

$698

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 500 Romeo Road

Summary
Location and General Information
  • Cross Street: Romeo at Parkdale
  • Directions: E on Romeo Rd from S Rochester Rd, buildings on right
  • Latitude: 42.688243
  • Longitude: -83.126352
  • MLS Area Major: Rochester (63152)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: 1511330040
  • Tax Annual Amount: $8,376.00
  • Tax Assessed Value: 166120
School Information
  • High School District: Rochester
Parking
  • Attached Garage: No
  • Garage: No
  • Parking Features: Parking Lot
Property
Lot Information
  • Direction Faces: South
  • Frontage Length: 1.0
  • Lot Size Acres: 2.88
  • Lot Size Units: Acres
  • Lot Size Dimensions: Irregular
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 4926.0
  • Above Grade Finished Area Units: Square Feet
  • Building Area Total: 4926.0
  • Living Area: 4926.0
  • Living Area Source: Public Records
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1964
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Brick Mortar
  • Levels: One
  • Total Stories: 1
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Other
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Partially Finished
  • Has Basement: Yes
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Has Fireplace: No
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
  • Laundry Features: Common Area
  • Water Heater: Gas
Multi Family
Multi Family Information
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
Income & Expenses
  • Gross Scheduled Income: $91,260
  • Net Operating Income: $56,356
  • Operating Expense: $34,904.00
Unit Information
Unit 1
  • Actual Rent: $1,000.00
  • Baths Total: 1
  • Type: One Bedroom
  • Units Total: 1
Unit 2
  • Actual Rent: $1,500.00
  • Baths Total: 1
  • Type: Two Bedroom
  • Units Total: 1
Unit 3
  • Actual Rent: $1,500.00
  • Baths Total: 1
  • Type: Two Bedroom
  • Units Total: 2
Unit 4
  • Actual Rent: $925.00
  • Baths Total: 1
  • Type: Two Bedroom
  • Units Total: 1
Unit 5
  • Actual Rent: $1,180.00
  • Baths Total: 1
  • Type: Two Bedroom
  • Units Total: 1

Property History for 500 Romeo Road

DateEvent & SourcePriceAppreciation
Mar 31, 2026

Sold

Realcomp #20251060458

Mar 31, 2026

Contract Signed

Realcomp #20251060458

Mar 27, 2026

Sold

MiRealSource #60968642

$870,000
DateEvent & SourcePrice
03/31/2026

Sold

Realcomp #20251060458

03/31/2026

Contract Signed

Realcomp #20251060458

03/27/2026

Sold

MiRealSource #60968642

$870,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 500 Romeo Road

Taxable ValueLand-Additions-Total-
Tax Record2010$44,771 ($3,731 / month)
Home Facts
Total Finished SqFt14,066 SqFtAbove Grade Finished SqFt14,066 SqFtStyleMulti-Family Res (5+ Units)ZoningAICountyOAKLANDAPN1511327001Fireplace TypeHas Fireplace

Schools near 500 Romeo Road

This home is within Rochester Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 6 to 12
Public - 9 to 12
Rating
School
Distance
North Hill Elementary School
PublicPK to 5

Hart Middle School
Public6 to 12

Stoney Creek High School
Public6 to 12

John M Schultz Educational Campus
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse

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