502 Village Ln, Milford, MI 48381
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.