811 N Main Street, Milford, MI 48381 1528
811 N Main Street, Milford, MI 48381 1528
811 N Main Street, Milford, MI 48381 1528
811 N Main Street, Milford, MI 48381 1528
811 N Main Street, Milford, MI 48381 1528
811 N Main Street, Milford, MI 48381 1528
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 2,995,000
Est. payment | /mo

32 Baths

12,800 SqFt

Save
$ 2,995,000
Est. payment | /mo
Save

32 Baths

12,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,800 sqft

Price per Sqft $233

Subdivision Mi

MLS Listing ID 61036406

Style 1 Story

Full Baths 16

Half Baths 16

Year Built 1975

Annual Tax Amount $15,344

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 145.44X110

Property Sub-Type Multi-Family

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 Milford Twp (63161)

Zoning Multi-Family

Interior

Heating Baseboard, Electric Heat

Cooling Window Unit(s)

Fireplace No

Exterior

Exterior Feature Brick, Vinyl Siding

Building

Story 1 Story

Foundation Slab

Water Public Water

Structure Type Brick,Vinyl Siding

Schools

School District Huron Valley Schools

Others

Ownership Private

Energy Description Electric

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greater Development LLC

Schools and Properties Nearby

Learn More About LPT Realty

Shannon Bagdonas
Shannon Bagdonas

Founder | Broker Partner

+1(313) 766-8387

movinginmichigan.net

6838 Park Ave, Allen Park, MI 48101-2036, USA

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Shannon Bagdonas, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Tour the Home

811 N Main Street