524 Hickory Street, Milford, MI 48381

New Listing
$449,900
Property Type: Commercial Sale Square Footage: 1,464 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $449,900 List Date: 3/14/2026 Last Modified: 3/14/2026

Description

Architectural history meets modern luxury in this RARE, income-producing opportunity! This VERY PROFITABLE, FULLY FURNISHED historic home is a proven turnkey AirBnB with positive cash flow, generating over $75,000 in 24 & 25 (proof available). Original decorative filigree and an ornate antique fireplace mantel highlight its timeless character, while a full renovation and professional decor deliver modern comfort. Located in the heart of Milford's Historic District, just steps from downtown shops and restaurants. The updated kitchen features expansive counters, ample cabinetry, and stainless appliances. Entertain effortlessly with a custom liquor cabinet, kegerator, wet bar, and a huge backyard with bocce court and large deck. Spacious bedrooms, oversized shower, and extensive updates throughout. Easy to purchase using a DSCR loan--qualify based on rental income, not your W-2 or tax returns! Whether an investor or owner-occupant, this is a high-performing asset and unforgettable home!

Open Houses

Sunday, March 15, 12:30 pm - 2:00 pm

More Information MLS# 26008807

Location & Property Info

Cross Streets: E of Main N of Commerce Property Sub-Type: Business Opportunity Municipality: Milford Vlg Subdivision: Phelps Add Ownership Type: Private Owned

Office/Contract Info

On-Market Date: 2026-03-14 Auction or For Sale: For Sale List Price/SqFt: 307.31 Prop Avail for Lease?: No

General Property Info

New Construction: No Lot Dimensions: 66 x 132 Road Frontage: 66 Waterfront: No Year Remodeled: 0 Total # Units: 1 Total # Bldgs: 1 # Fin Bldg Lvls: 1464 Total SqFt: 1464 Property Use Type: Investment School District: Huron Valley Elementary School: Kurtz Elementary School High School: Milford High School Middle School: Muir Middle School Lot Measurement: Acres Lot Acres: 0.2 Lot Square Footage: 8712 Year Built: 1866 Full Baths: 1

Tax Info

Taxable Value: 135160 SEV: 135660 For Tax Year: 2025 Seller's Annual Property Tax: 7813 Tax Year: 2025 Homestead %: 0 Spec Assessment & Type: None Known Zoning: Residential Tax ID #: 16-11-106-005

Remarks & Misc

Public Remarks: Architectural history meets modern luxury in this RARE, income-producing opportunity! This VERY PROFITABLE, FULLY FURNISHED historic home is a proven turnkey AirBnB with positive cash flow, generating over $75,000 in 24 & 25 (proof available). Original decorative filigree and an ornate antique fireplace mantel highlight its timeless character, while a full renovation and professional decor deliver modern comfort. Located in the heart of Milford's Historic District, just steps from downtown shops and restaurants. The updated kitchen features expansive counters, ample cabinetry, and stainless appliances. Entertain effortlessly with a custom liquor cabinet, kegerator, wet bar, and a huge backyard with bocce court and large deck. Spacious bedrooms, oversized shower, and extensive updates throughout. Easy to purchase using a DSCR loan--qualify based on rental income, not your W-2 or tax returns! Whether an investor or owner-occupant, this is a high-performing asset and unforgettable home! Legal: T2N, R7E, SEC 10 & 11 PHELPS' ADD. N 1/2 OF LOT 3 & S 1/2 OF LOT 4 BLK 17

Income and Expenses

Annual Prop Ins ($): 75000 Net Operating Income: 35000

Street Type

Paved: 1 Public: 1

SqFt Information

Smoke Detector(s): 1

Property Use

Investment: 1 Vacant/Owner-User: 1

Utilities Attached

Cable Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Other: 1

Construction Type

Frame/Wood: 1

Exterior Material

Vinyl Siding: 1

Roofing

Other: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

Proprietorship: 1

Below Grade

Basement: 1

Heat Type

Forced Air: 1

Air Conditioning

Central Air: 1

Business Includes

Furniture: 1 Inventory: 1 Real Estate: 1

Foundation

Brick/Mortar: 1 Combination: 1 Stone: 1

Util Avail at St

None: 1

Driveway

Concrete: 1 Paved: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Business Opportunity

Business Description: Hotel/Motel

Possession

Close Of Escrow: 1

Location Property Info

County: Oakland Street #: 524 Street Name: Hickory Suffix: Street State: MI Zip Code: 48381 Zip (4): 1649

OfficeContract Info

Status: Active Current Price: $449,900 List Price: $449,900 Listing Date: 2026-03-09

Remarks Misc

Directions: E of Main Street - N off Commerce onto Hickory. House will be on the right.

Property Features

Property Use: Investment; Vacant/Owner-User SqFt Information: Smoke Detector(s) Uses: Other Ownership: Proprietorship Business Includes: Furniture; Inventory; Real Estate Construction Type: Frame/Wood Exterior Material: Vinyl Siding Roofing: Other Foundation: Brick/Mortar; Combination; Stone Below Grade: Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Natural Gas Connected Util Avail at St: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Concrete; Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Close Of Escrow
Listing Office: LPT Realty, LLC
Listing Agent: Robert Bulmer
IDX
Last Updated: March - 14 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.