For Sale
$6,950,000

502 Village LnMilford, MI 48381

Luxury Condo Portfolio: 17 Units, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
118
Uptown Village presents a compelling investment opportunity in Milford, Michigan. This exceptional multifamily property comprises two, three-story buildings totaling 17 brand-new condo units. Each unit boasts a spacious layout, featuring high-end finishes and a modern design. The basement level includes a 1.5-car garage, ample storage, and a versatile office space. The first floor offers an open-concept gourmet kitchen, dining area, half-bath, living room, and outdoor deck. The second floor includes a master suite with a walk-in closet, a second bedroom, a full bathroom, and laundry. A finished attic on the third floor provides flexible space, potentially serving as a third bedroom, playroom, or den, complete with an additional bathroom and closet. The property sits on a 0.56-acre lot and encompasses 36,349 square feet, with two parking spaces per unit. The property is zoned R-1 and was built in 2024. Currently vacant, the property is available for occupancy on October 31, 2024. The asking price is $6,950,000, translating to $408,823.53 per unit and $191.20 per square foot. Located at 502-558 Village Lane, Milford, MI 48381, this property benefits from a strong demographic profile, with an average household income exceeding $127,663 within a 5-mile radius. This prime location and the high-quality construction make Uptown Village an attractive investment for a core portfolio. The property's APN is 1603479081.

Highlights

  • New 17-unit condo development.
  • Mix of 3-bedroom, 3-bathroom units.
  • Three-story units with garage/basement, spacious main living area, and finished attic.
  • Luxury finishes throughout.
  • Excellent rental and sales potential.
  • Prime location in a high-growth area.

Property Details for 502 Village Ln

Property type
Residential income homes, Apartment buildings
Square Feet
36,349 SF
Class
A
Year Built
2024
Buildings
2
Stories
3
Lot Size (sq. ft)
24,394 SF
Units
17

Location Insight

City
Milford
County
Oakland
State
Michigan
Latitude
42.59740013
Longitude
-83.6075811
502 Village Ln, Milford, Michigan

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502 Village Ln
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