811 N Main St, Milford, MI, 48381
About This Home
Milford Village Flats presents a rare opportunity to acquire a fully stabilized, 16-unit multifamily community in the heart of Milford, Michigan — one of Oakland County's most desirable and supply-constrained submarkets. The property comprises two well-maintained residential buildings offering an identical unit mix of all one-bedroom, one-bath floor plans averaging 740 square feet. With over two dedicated parking spaces per unit and a 100% occupancy rate, the asset generates monthly gross revenues exceeding $23,647, equating to an annual gross potential income of $283,700. The current owner has invested over $500,000 in capital improvements over the last two years, substantially reducing future CapEx exposure for an incoming investor. Major exterior and structural upgrades include a brand-new roof, a fully milled and paved parking lot, updated property signage, and enhanced professional landscaping that elevates the asset’s curb appeal. On the interior, the community has undergone extensive modernization with high-end turnkey renovations featuring new cabinets, premium countertops, modern flooring, fresh paint, and updated contemporary fixtures. These comprehensive upgrades position the property to command premium rents while ensuring low-maintenance operations for years to come.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1975
Materials
- Foundation: Slab
- Construction materials: Brick,Vinyl Siding
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 1
- Full bathrooms: 16
- 1/2 bathrooms: 16
Features
- Finished area above ground: 12,800
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: Window Units
Interior Area
- Total interior livable area: 12,800 sqft
Property
Details
- Parcel number: 1602352016
- Zoning description: MultiFamily
- Special condition: Short Sale No,Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 0.37 Acres
- Lot size dimensions: 145.44 x 110
Parking
- Total spaces: 32
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Oakland County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,686 | $200,232 |
| Home Insurance * | $1,035 | $12,420 |
| Property Taxes | $3,437 | $41,244 |
| Electricity | $1,396 | $16,753 |
| Total | $22,554 | $270,648 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $3,300,000 |
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