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Southfield Apartment Buildings for Sale
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FAQs about Apartment Buildings for Sale in Southfield
How many Apartment Building listings are available for sale in Southfield?
Currently, there are 6 Apartment Building listings for sale near Southfield, MI. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Southfield?
The average price per square foot for Southfield apartment buildings for sale is about $60.
When available, the price of these buildings in Southfield, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Southfield, MI varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Southfield?
The average size of apartment buildings for sale in Southfield, MI is approximately 43,235 SF. The largest building available is 59,528 SF and the smallest is 16,061 SF.
What is the average cap rate for Multi-family Properties in Southfield?
Cap rates for apartment buildings in Southfield, MI typically range between 15.00% and 15.00%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Southfield?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Southfield, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Southfield, MI.
Depending on the location within the city of Southfield, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Southfield, MI.
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