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$ 3,300,000
Est. payment /mo
New
811 N Main Street Milford, MI 48381
32 Baths
0.37 Acres Lot
UPDATED:
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
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