18
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$3,300,000
Est. payment /mo
32 Baths
12,800 SqFt
New
811 N Main Street Milford, MI 48381 1528
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $257
Subdivision Mi
MLS Listing ID 61015867
Style 1 Story
Full Baths 16
Half Baths 16
Year Built 1975
Annual Tax Amount $15,344
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 145.44X110
Property Sub-Type Multi-Family
Property Description
Milford Village Flats presents a rare opportunity to acquire a fully stabilized, 16-unit multifamily community in the heart of Milford, Michigan -- one of Oakland County's most desirable and supply-constrained submarkets. The property comprises two well-maintained residential buildings offering an identical unit mix of all one-bedroom, one-bath floor plans averaging 740 square feet. With over two dedicated parking spaces per unit and a 100% occupancy rate, the asset generates monthly gross revenues exceeding $23,647, equating to an annual gross potential income of $283,700. The current owner has invested over $500,000 in capital improvements over the last two years, substantially reducing future CapEx exposure for an incoming investor. Major exterior and structural upgrades include a brand-new roof, a fully milled and paved parking lot, updated property signage, and enhanced professional landscaping that elevates the asset's curb appeal. On the interior, the community has undergone extensive modernization with high-end turnkey renovations featuring new cabinets, premium countertops, modern flooring, fresh paint, and updated contemporary fixtures. These comprehensive upgrades position the property to command premium rents while ensuring low-maintenance operations for years to come.
Location
State MI
County Oakland
Area Milford Twp (63161)
Zoning Multi-Family
Interior
Heating Baseboard, Electric Heat
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Brick, Vinyl Siding
Building
Story 1 Story
Foundation Slab
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District Huron Valley Schools
Others
Ownership Private
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greater Development LLC
Nearby Locations
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