Farmington Hills Homes with 1031 Exchange Financial terms

Farmington Hills Homes with 1031 Exchange Financial terms

Welcome to Farmington Hills, Michigan, a vibrant city nestled in the heart of Oakland County. Known for its lush greenery, excellent schools, and a strong sense of community, Farmington Hills offers a perfect blend of suburban tranquility and urban convenience. With a population of over 80,000 residents, this city boasts a rich history and a commitment to preserving its natural beauty, featuring over 800 acres of parks and recreational areas.

The real estate market in Farmington Hills is diverse, catering to a wide range of buyers, from first-time homeowners to those seeking luxury properties. With charming neighborhoods and a variety of architectural styles, you’re sure to find a home that suits your lifestyle. Additionally, for savvy investors, the option of a 1031 Exchange can be a game-changer. This financial strategy allows you to defer capital gains taxes by reinvesting the proceeds from the sale of a property into a new investment property, making it an attractive option for those looking to expand their real estate portfolio.

Farmington Hills is not just about beautiful homes; it’s also a hub for commerce, culture, and education. The city is home to numerous shopping centers, fine dining establishments, and cultural attractions, including the Farmington Hills Ice Arena and the Holocaust Memorial Center. With easy access to major highways and public transportation, residents enjoy a seamless commute to nearby cities like Detroit and Ann Arbor.

Whether you’re looking to settle down or invest, Farmington Hills is a place where you can truly thrive. Discover the possibilities today!

Newest Farmington Hills Homes with 1031 Exchange Financial terms

$119,900
ACTIVE UNDER CONTRACT Status 1 Beds 1 Baths 61002944 MLS
Wow!! Just Reduced $10,000 for a quick sale!! This condo is ideal for investers as well as first-time buyers, down-sizing empty nesters & single buyers who will appreciate low-maintenance lifestyle, excellent thoughtful floor plan & highly desirable location. Delightful 1st floor Ranch Condo - No Steps! Enjoy easy living in this beautifully maintained first-floor ranch condo overlooking a peaceful, grassy commons. Relax on your private patio and enjoy the serene setting. The updated kitchen features white cabinets, ceramic tile flooring & stainless steel appliances. Luxury Vinyl Plank flooring enhances the living room, dining room & bedroom, while the foyer & bath boast ceramic tile. The spacious bedroom includes a large walk-in closet with additional storage. Convenient full-size in-unit washer & dryer included. An assigned carport keeps your car protected from sun & snow, however there is ample guest parking for friends & guests. Ideal for 1st time home owners looking to build equity instead of paying rent. Your budget will appreciate the low HOA fees. Renter pays for electric, gas, renter insurance & cable/internet service. Owner pays only HOA Fee (includes water & sewer) and property taxes. Enjoy resort-style community amenities, including an outdoor swimming pool *& tennis courts, all in a prime location close to 696 freeway, shopping, restaurants, and everyday conveniences along Orchard Lake Road. Currently tenant-occupied (month to month), this condo is an excellent opportunity for investors seeking immediate rental income. Renter is open to signing a longer term lease. AGENTS: Seller plans to do a 1031 Tax Exchange. Call LA for language to be added to offer.

30078 W 12 Mile Rd Unit 99, Farmington Hills

Listing Courtesy of Coldwell Banker Professionals-AA, Office Phone: 734-930-0200

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