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    OFF-MARKET
    Residential income homes

    502 Village Ln, Milford, MI 48381

    36,349 SF 0.56 ac lot Built 2024
    Property ID
    US43-1569941
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2024
    Total area 36,349 SF
    Lot 0.56 ac (24,394 SF)
    APN 1603479081
    UPID US43-1569941
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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