811 Main Street, Milford Village, Michigan 48381

$3,300,000

Property Details

MLS#: 20261059067
Bedrooms: N/A
Bathrooms: 24
Square Feet: 12,800
Price per Sqft: $258
Lot Size: 0.37 acres
Year Built: 1975
Property Type: ResidentialIncome
Status: Active
Days on Market: 2

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

This property is located in Milford Village, Michigan. Milford Village is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 811 Main Street?

811 Main Street is listed at $3,300,000, or $258 per square foot.

How many bedrooms does 811 Main Street have?

This property has N/A bedrooms and 24 bathrooms, with 12,800 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com