502-558 Village Ln - Residential Income FOR SALE


Milford, MI 48381
$6,950,000 USD
248-801-9499
502-558 Village Ln, Milford, MI for Sale
$6,950,000 USD
Residential Income - FOR SALE
1/6
null | Request Cap Rate

502-558 Village Ln
Milford, MI 48381


HIGHLIGHTS

  • New construction 17-unit condo development - Seller financing available!
  • Unit mix includes 3-Bedroom/3-Bathroom Units
  • Each Unit is 3-Stories with a Garage/Basement, a Spacious First & Second Floor, and a Finished Attic
  • High-end finishes provide a luxurious living experience for residents
  • Strong rental/purchase potential
  • The average household income within 5 miles is $127,663

OVERVIEW

A prime investment opportunity awaits at Milford’s newest luxury-living condo development, Uptown Village. This investment is comprised of buildings 2 and 3 of the development, consisting of 17 brand-new, meticulously crafted 3-story homes that redefine modern comfort, offering a perfect blend of style and functionality. Each unit features an expansive layout with high-end finishes, designed for convenience and elegance. The basement level includes a spacious 1.-5 car garage, ample storage, and a versatile office space, ideal for working from home. On the first floor, you’ll find an open-concept design featuring a gourmet kitchen, a welcoming dining area, a half-bath, and a bright living room and outdoor deck space perfect for entertaining. The second floor boasts a luxurious master suite complete with a walk-in closet, a second bedroom, a full bathroom, and a laundry area for added convenience. The third-floor attic offers flexibility, making it ideal as a third bedroom, playroom, or private den, complete with an additional bathroom and closet. Furthermore, the demographic profile of the area reveals a population of over 47,086 within a 5-mile radius, with an average household income of $127,663. This thriving community presents a promising market for potential tenants or buyers. Situated in the heart of Milford, these sophisticated condos offer the perfect opportunity for any multi-family investment portfolio!

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.42 AC

LAND SF

279,603 SF

ZONING

R-1

APN/PARCEL ID

16-03-479-066

ASK ABOUT THIS PROPERTY

Noor KalashoP.A. Commercial, LLCMore Info
248-801-9499

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Noor KalashoP.A. Commercial, LLCMore Info
248-801-9499

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.