Sold
500 Romeo Road, condo rental portfolio, Rochester, MI 48307
Sold on 03/27/2026 for$870,000
MLS # 20251056383 (Realcomp)
Built 19642.88 acres
1 / 35
Listing 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 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.
Source: SparkMLS
About this home
Final sale price: $870,000.
Annual property taxes run approximately $8,376 ($698/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 10 providers. Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size2.88 acres
Year Built1964
Location
CityRochester
MunicipalityRochester
Zip Code48307
CountyOakland
School DistrictRochester
Construction & Systems
ConstructionBrick
BasementBasement
HeatingBaseboard
Sale & Financing
Listed12/15/2025
Sold Date3/26/2026
Source: SparkMLS
Tax Information
Annual Tax$8,376
State Equalized Value$57,240
Taxable Value$24,500
Parcel #1511330040
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jan Dijkers
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 500 Romeo Road, condo rental portfolio, Rochester, MI 48307
What school district is 500 Romeo Road, condo rental portfolio, Rochester, MI 48307 in?
Per MLS# 20251056383, this property is served by Rochester. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20251056383, the most recent reported annual property tax for 500 Romeo Road, condo rental portfolio, Rochester, MI 48307 is $8,376. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 500 Romeo Road, condo rental portfolio, Rochester, MI 48307 eligible for USDA financing?
Per USDA Rural Development boundary data, 500 Romeo Road, condo rental portfolio, Rochester, MI 48307 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 500 Romeo Road, condo rental portfolio, Rochester, MI 48307 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 500 Romeo Road, condo rental portfolio, Rochester, MI 48307?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 10 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
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Monthly payment$5,837
Principal & interest$5,837
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
10 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
500 Romeo Road, condo rental portfolio, Rochester, MI 48307
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Municipality
Rochester
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County
Oakland County
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