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

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

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

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. $50,000 down payment with 7% interest with a monthly payment of $2113 amortized over 7 yrs, (84 months) 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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