Preheat oven to 350°F (175°C). Line a muffin tin with cupcake liners.
In a large bowl, whisk together flour, sugar, baking powder, baking soda, and salt.
In a separate bowl, cream together butter and sugar until light and fluffy. Beat in eggs one at a time, then stir in vanilla.
Gradually add the dry ingredients to the wet ingredients, alternating with the milk, beginning and ending with the dry ingredients. Mix until just combined.
Fill cupcake liners about 2/3 full.
Bake for 20-25 minutes, or until a toothpick inserted into the center comes out clean.
Let cool in the tin for a few minutes before transferring to a wire rack to cool completely.
Once cooled, poke holes in the cupcakes with a toothpick or fork.
In a bowl, whisk together evaporated milk, condensed milk, and heavy cream. Pour over the cupcakes, allowing them to soak up the milk mixture.
Refrigerate for at least 30 minutes before serving.
Notes
For an extra special touch, top with whipped cream and fresh berries.