18
See all 18 photos
$3,300,000
Est. payment /mo
32 Baths
0.37 Acres Lot
New
811 N Main Street Milford, MI 48381
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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
