502 Village Ln Milford, MI 48381
- Residential income homes
- 36,349 SF
- 0.56 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 502 Village Ln
- Year built
- 2024
- Lot size
- 0.56 lot acres
- Property size
- 36,349 SF
- Property type
- Residential income homes
- APN
- 1603479081
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6075811
- Latitude
- 42.59740013
