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$ 3,300,000
Est. payment /mo
New
811 N Main ST Milford Village, MI 48381
32 Baths
12,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $257
Subdivision Andrews Add To Milford
MLS Listing ID 20261059067
Style Ranch
Full Baths 16
Half Baths 16
Year Built 1975
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type MultiFamily
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 Area02161Milfordtwp
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Huron Valley
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Brady Williams of Greater Development LLC
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