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Laura Hayden

hayden2930507@gmail.com +1(616) 293-0507

$ 3,300,000

Est. payment | -/mo

32 Baths

0.37 Acres Lot

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$ 3,300,000

Est. payment | -/mo

Save

32 Baths

0.37 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Milford Charter Twp

Subdivision Milford Charter Twp

MLS Listing ID 20261059067

Year Built 1975

Annual Tax Amount $15,344

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 145.44X110

Source Realcomp

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

Zoning Multi-Family

Direction From downtown Milford, head north on N Main St. Property is on the west side, just north of Summit St.

Rooms

Basement Slab

Interior

Heating Baseboard

Cooling Window Unit(s)

Exterior

View Y/N No

Building

Water Public

Structure Type Brick,Vinyl Siding

Schools

School District Huron Valley

Others

Tax ID 1602352016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Greater Development LLC

Nearby Locations

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Laura Hayden

Broker-Associate | Lic# 6502138463

hayden2930507@gmail.com

+1(616) 293-0507

535 Pinckney Rd Saranac, MI, 48881

811 N Main Street Milford, MI 48381

Laura Hayden

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

811 N Main Street