Sold
500 Romeo Road, Rochester, MI 48307
Sold on 03/27/2026 for$870,000
MLS # 20251060458 (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
Located in Rochester in Rochester, this property offers 6-bath, with original construction dating to 1964.
Closed at $870,000.
Property tax estimate: $8,376 per year ($698/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 10 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms6
Lot Size2.88 acres
Year Built1964
Location
CityRochester
MunicipalityRochester
Zip Code48307
CountyOakland
School DistrictRochester
Construction & Systems
ConstructionBrick
HeatingBaseboard
Sale & Financing
Listed2/8/2026
Sold Date3/26/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$8,376
State Equalized Value$57,240
Taxable Value$24,500
Parcel #1511330040
Source: Public Records
Legal Description
T3N, R11E, SEC 11 OAKLAND COUNTY CONDOMINIUM PLAN NO 1729 ROCHESTER VILLAGE CONDO UNIT 40, BLDG C L 35285 P 222 4-8-05 FR 327-001
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, Rochester, MI 48307
Which school district serves 500 Romeo Road, Rochester, MI 48307?
Per MLS# 20251060458, 500 Romeo Road, Rochester, MI 48307 is in the Rochester boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Rochester directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20251060458, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 500 Romeo Road, Rochester, MI 48307?
Per public tax records, annual property taxes for this property are $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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 500 Romeo Road, 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.
Is 500 Romeo Road, Rochester, MI 48307 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 500 Romeo Road, Rochester, MI 48307. The maximum advertised download speed is 5.0 Gbps. 10 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 500 Romeo Road, Rochester, MI 48307?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Mortgage Calculator
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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, Rochester, MI 48307
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Municipality
Rochester
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County
Oakland County
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