Southfield Homes with 1031 Exchange Financial terms

Southfield Homes with 1031 Exchange Financial terms

Welcome to Southfield, Michigan – a vibrant city nestled in the heart of Oakland County, known for its rich history, diverse community, and thriving business environment. With a population of approximately 70,000 residents, Southfield offers a perfect blend of suburban charm and urban convenience. Just a stone's throw away from Detroit, this dynamic city boasts an array of amenities, including excellent schools, beautiful parks, and a variety of shopping and dining options.

For those seeking to invest in real estate, Southfield presents an exciting opportunity, particularly with the option of utilizing a 1031 Exchange. This financial strategy allows investors to defer capital gains taxes by reinvesting the proceeds from the sale of one property into another like-kind property. With Southfield's robust real estate market, homeowners and investors alike can take advantage of this tax benefit, making it an ideal location for both residential and commercial properties.

Whether you’re looking for a cozy single-family home, a modern condo, or a lucrative investment property, Southfield has something for everyone. The city's well-planned neighborhoods are filled with stunning homes that cater to various tastes and budgets. Plus, with the ongoing development and revitalization efforts, the potential for property value appreciation is promising.

In Southfield, you’re not just buying a home; you’re investing in a community that values growth, diversity, and quality of life. Explore the possibilities in Southfield, where your real estate dreams can become a reality!

Newest Southfield Homes with 1031 Exchange Financial terms

$260,000
ACTIVE UNDER CONTRACT Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 61010261 MLS
Opportunities like this don't come along often in Northampton, one of Southfield's favorite neighborhoods. Situated on an oversized park-like corner lot just steps from the Southfield Civic Center campus, this beautifully maintained ranch offers 1,240 square feet of thoughtfully designed living space filled with natural light and flexible living areas. The inviting living room features hardwood floors, crown molding, recessed lighting, a natural wood-burning fireplace, and a large picture window overlooking the landscaped front yard. The adjoining dining area showcases a vaulted ceiling, skylight, and bay window. The custom kitchen features rich wood cabinetry, granite countertops, stainless steel appliances, a brand-new dishwasher, double sink plus prep sink, abundant storage, a vaulted ceiling, and two skylights with remote-controlled shades. The flexible three-bedroom layout includes two traditional bedrooms plus a versatile third bedroom with a closet that's equally suited as a home office, den, nursery, guest room, or creative space. The updated bath features ceramic tile, granite vanity, and a jetted tub. The enclosed sunroom, surrounded by sliding glass windows, overlooks the private, fully fenced backyard with a spacious patio, mature landscaping, and both 5-foot and 10-foot access gates. Additional highlights include central air, 200-amp underground electrical service, programmable thermostat, some updated vinyl windows, an attached insulated two-car garage with a Wi-Fi garage door opener, and two driveways. A nearby neighborhood pedestrian pathway provides walkable access to the Southfield Public Library, Beech Woods Recreation Center, walking trails, playgrounds, tennis and pickleball courts, athletic fields, seasonal ice skating, shopping, dining, and quick access to Telegraph Road and I-696. A rare combination of neighborhood, lot size, flexible living space, and everyday convenience.

19455 Coral Gables Street, Southfield

Listing Courtesy of KW Grosse Pointe, Office Phone: 313-886-7239
$153,000
ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 61009147 MLS
Beautiful Southfield condo with 2 bedrooms and 2 full bathrooms in super clean and quiet subdivision. Features 1,600 square feet of living space. Master bedroom has private master bathroom. Plenty of closet space throughout unit. Fresh paint and carpet throughout unit. Also features 1 car garage. Clubhouse has recreation room, fitness center, and pool. Conveniently located near multiple shopping and dining options as well and Providence Hospital. Also next door to the newly developed Northland City Center which features multiple dining, entertainment, and retail choices as well as a Costco. Condo is non warrantable. Cash or non warrantable loans only. Agent has referrals to lenders who do non warrantable loans.

16150 N Park Drive Unit 201, Southfield

Listing Courtesy of Smart Realty & Investments Inc, Office Phone: 248-539-0289
$275,000
ACTIVE UNDER CONTRACT Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 61008256 MLS
Welcome to 29815 Marshall Street, a beautifully updated brick ranch in a desirable Southfield neighborhood! Thoughtfully improved over the last few years, including a newer roof, furnace, central A/C, and driveway (approximately four years old), this move-in-ready home blends timeless charm with modern updates. Step inside to a bright, inviting living space filled with natural light that instantly feels like home. Newer flooring, fresh paint, recessed lighting, and updated finishes create a warm, modern feel throughout. The updated kitchen features newer stainless steel appliances, a gas stove, and a center island that separates the kitchen and dining area with additional seating for everyday living and entertaining. Three well-sized bedrooms with newer carpet and an updated full bath complete the main level. The versatile dining area overlooks the backyard through a sliding doorwall and can serve as a dining room, second living space, or home office. Downstairs, the full unfinished basement with a convenient half bath is a blank canvas waiting for your vision - the ultimate game-day hangout, a cozy movie room, home gym, playroom, or the entertaining space you've always dreamed of. Additionally, this home has benefited from extensive ownership improvements, including new gutters, updated attic insulation, exterior waterproofing, window updates, plumbing and electrical improvements, a new laundry gas line, and numerous additional maintenance updates. Step outside to a spacious backyard with room to host summer barbecues on the patio, gather around a fire pit, plant a garden, or simply enjoy your morning coffee. Conveniently located near shopping, dining, parks, and I-696, this home offers easy access throughout Metro Detroit while being just minutes from Royal Oak, Berkley, and Birmingham. If you're looking for an updated brick ranch that's ready for its next chapter, all that's left to do is unpack, settle in, and start making memories of your own! BATVAI

29815 Marshall Street, Southfield

Listing Courtesy of RE/MAX Eclipse, Office Phone: 248-620-1000
$375,000
ACTIVE Status ⋅ 61004200 MLS
Rare 1.89-acre redevelopment opportunity in the heart of Southfield with exceptional frontage along W. Nine Mile Road. Sale includes three contiguous parcels totaling approximately 1.89 acres (Parcel IDs: 24-32-202-067, 24-32-202-068, and 24-32-202-069). Preliminary site concepts indicate potential for up to five (5) single-family residential lots, subject to municipal approvals, engineering, survey, and site plan review. Prior discussions with the City of Southfield have also identified potential higher-density residential redevelopment opportunities, subject to rezoning and municipal approval. Conveniently located near Telegraph Road, I-696, M-10, major employment centers, retail, dining, and transportation corridors. Municipal water and sewer are available in the area. Existing residence is included and being sold as-is. Ideal opportunity for builders, developers, investors, or those seeking a large land holding with future development potential. Buyer and buyer's agent to independently verify all zoning, utility availability, lot yield, density, dimensions, approvals, and development potential with the City of Southfield and all applicable governmental agencies. Appointment required prior to walking the property. Do not enter property without permission.

24811 W Nine Mile Road, Southfield

Listing Courtesy of Max Broock Realtors, Office Phone: 248-851-4100
$239,000
ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 61001756 MLS
PERFECT OPPORTUNITY TO OWN A SHEEK, SPOTLESS, AND UPDATED COLONIAL IN A WONDERFUL SOUTHFIELD SUBDIVISION THAT BOARDERS BERKLEY AND LATHRUP VILLAGE. THIS 3 BEDROOM AND 1. 5 BATHROOM CHARMER OFFERS NEW STATE-OF-THE-ART APPLIANCES AND A NEWER A/C UNIT WITH NEW FLOORING THROUGHOUT AND A LAUNDRY AREA ON THE SECOND LEVEL FOR ADDED CONVENIENCE! THE PARTIALLY FINISHED BASEMENT THAT IS READY FOR YOUR CHOICE OF FLOORING TO COMPLETE AND A FENCED-IN YARD. THIS IS A NO BRAINER AND WILL NOT BE AROUND LONG. GREAT NEIGHBORS AND EVEN BETTER NEIGHBORHOOD! YARD HAS LOTS OF ROOM FOR SOMEONE TO ADD A GARAGE ALSO. EASY TO SHOW AND EASIER TO SELL.

29261 Marshall Street, Southfield

Listing Courtesy of Five Star Real Estate-Commerce, Office Phone: 248-313-2880
$200,000
ACTIVE Status ⋅ 60955598 MLS
THIS BUILDING WAS HOME TO A RECORDING STUDIO AND STORAGE WAS ITS LAST CURRENT USE. BUILDING SITS ON A BUSY COMMERCIAL MAIN ROAD WITH MULTIPLE BUSINESSES. FANTASTIC LOCATION WITH INCREDIBLE VISIBILITY TO TRAFFIC, THIS BUILDING IS CLOSE TO MAJOR EXPRESSWAYS. HAS 3 OFFICES AND SECRETARY AREA WITH LOBBY. FULL BASEMENT OFFERS LOADS OF STORAGE. LONG DRIVEWAY WITH PLENTY OF PARKING IN FRONT AND IN THE BACK. THIS WAS A HOME ORIGINALLY CONVERTED TO AN OFFICE BUILDING IN 1993 AND HAS BEEN THE SAME SINCE. NEW ROOF TEAR OFF IN 2015 APPROVED. THE BASEMENT IS 1208 SQUARE FOOT. THIS BUILDING CAN BE USED FOR MULTIPLE PURPOSES SUCH AS STORAGE, BARBERSHOP,MEDICAL, SPA, OFFICE, SALON AND OTHER RETAIL. POSSIBILITIES ARE ENDLESS. INVESTOR SPECIAL. LAND CONTRACT TERMS AVAILABLE. SELLER FINANCING AVAILABLE. ALSO FOR LEASE FOR $2,000 PER MONTH

16983 W 10 Mile Road, Southfield

Listing Courtesy of Brookstone, Realtors LLC, Office Phone: 248-963-0505
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