Buying In Farmington Hills, MI
Sell Your Commercial Property In Farmington Hills, MI
We are an active buyer of Farmington Hills commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Farmington · Novi · West Bloomfield · Southfield — Oakland County, MI
Why Farmington Hills
Why We Buy Multifamily In Farmington Hills
Farmington Hills, Michigan is an Oakland County suburb where renters hold 35.3% of the city's 35,529 occupied homes, per Census ACS 2020-2024 estimates, above the county's 27.3% share. Median household income reaches $104,836 and median gross rent runs $1,551 a month. Office parks along Northwestern Highway and automotive engineering firms such as MAHLE's North American headquarters anchor steady tenant demand. Owners who want to sell commercial property in Farmington Hills, MI should weigh the city's aging apartment stock and its 2025 tax millage before listing.
Northwestern Highway office parks
Farmington Hills counts 3,500 businesses, from startups to Fortune 500 companies, per the city's own economic development page.Automotive engineering firms
MAHLE's North American headquarters employs nearly 400 workers on its Farmington Hills campus, per trade-press coverage of the dedication.Oakland Community College
Oakland Community College's Orchard Ridge campus sits on Orchard Lake Road, part of a system enrolling 16,125 students, fall 2025.Our Buy Box
What We Buy In Farmington Hills
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Farmington Hills Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Farmington Hills
Renters hold 35.3% of Farmington Hills' 35,529 occupied homes, above Oakland County's 27.3% share, per Census ACS 2020-2024 estimates. Homes in buildings of 5 or more units make up 30.4% of the city's 38,107 housing units, well above the county's 18.4% share. More than half of Farmington Hills housing, 53.5%, was built before 1980, with a median year built of 1978, so an owner looking to sell multifamily property in Farmington Hills is often marketing an aging building ripe for renovation.
Rents and affordability
Median gross rent in Farmington Hills runs $1,551 a month, per ACS 2020-2024 estimates, above Oakland County's $1,376. HUD's FY2027 fair market rents for the Detroit-Warren-Livonia HUD Metro FMR Area set a two-bedroom at $1,459, and an owner who plans to sell commercial property in Farmington Hills, MI should weigh both figures against a unit's current lease rate.
| Unit size | HUD FY2027 FMR |
|---|---|
| Studio | $1,047 |
| One-bedroom | $1,167 |
| Two-bedroom | $1,459 |
| Three-bedroom | $1,777 |
| Four-bedroom | $1,929 |
Property taxes in Oakland County
Farmington Hills' 2025 non-homestead millage totals 60.8732 mills in the Farmington school district, per the city's historical real property rate table. A sale uncaps taxable value to the state equalized value, half of true cash value under MCL 211.27a. On a $2,000,000 apartment sale, SEV lands at $1,000,000, so the new annual bill runs about $60,873. Someone who wants to sell commercial real estate in Farmington Hills, MI should also budget Michigan's 0.75% state transfer tax plus Oakland County's 0.11% county transfer tax, about $17,200 combined on that sale.
Landlord rules owners should know
Michigan caps a security deposit at 1.5 times monthly rent and requires its return within 30 days of move-out, under MCL 554.602 and 554.609. Terminating a month-to-month tenancy needs 30 days' notice under MCL 554.134. State law, MCL 123.411, preempts any Farmington Hills rent-control ordinance, so Farmington Hills leases follow these statewide rules rather than a local board.
What this means for an owner
Office parks along Northwestern Highway and the I-696 corridor help anchor Farmington Hills' 3,500 businesses, per the city's own economic development page, supporting steady renter demand near Farmington Hills' older apartment stock. An owner ready to sell commercial property in Farmington Hills, MI can start with our cap rate calculator and our sell my apartment building page before listing a Farmington Hills building.
Before You Sell
Pricing Your Building In Farmington Hills
More about selling in Michigan →Investing in Farmington Hills? See apartment syndications in Farmington Hills →
- A Farmington Hills sale resets taxable value to the state equalized value under MCL 211.27a.
- An owner who wants to sell your apartment building in Farmington Hills should confirm the 60.8732-mill rate first.
- Owners who sell commercial real estate in Farmington Hills, MI should budget the 0.75% state transfer tax too.
Seller Guides
Selling In Farmington Hills? Common Situations We Handle
Learn More
Taxes & Rules For Farmington Hills Property
The Michigan rules that shape any deal in Farmington Hills: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Farmington Hills Seller FAQ
Is now a good time to sell commercial property in Farmington Hills, MI?
Farmington Hills has a 35.3% renter share and $104,836 median household income, per ACS 2020-2024 estimates, with Northwestern Highway office parks and MAHLE's automotive engineering campus supporting tenant demand. Owners should still price the 60.8732-mill tax reset into their numbers before listing a Farmington Hills apartment building for sale.
What should I know before I sell commercial real estate in Farmington Hills, MI?
Farmington Hills' 30.4% share of 5-plus unit housing sits well above Oakland County's 18.4% baseline, and a sale uncaps taxable value to the state equalized value under MCL 211.27a. Factor Michigan's 0.75% state and Oakland County's 0.11% county transfer taxes, roughly $17,200 combined on a $2,000,000 sale.
What is the average rent in Farmington Hills, Michigan?
Census ACS 2020-2024 estimates put Farmington Hills' median gross rent at $1,551 a month, above Oakland County's $1,376. HUD's FY2027 fair market rents for the Detroit-Warren-Livonia HUD Metro FMR Area run from $1,167 for a one-bedroom to $1,459 for a two-bedroom, below the citywide median gross rent figure.
Does Farmington Hills, Michigan have rent control?
No. Michigan's Act 226 of 1988, MCL 123.411, bars any local government from enacting or enforcing rent control ordinances. Farmington Hills leases, security deposits and eviction notices instead follow statewide landlord-tenant law, including the security deposit and notice statutes at MCL 554.602, 554.609 and 554.134.
What should I budget before selling commercial property in Farmington Hills?
Someone selling a building here should budget the city's 60.8732-mill non-homestead rate on the reset taxable value, plus Michigan's combined 0.86% transfer tax. Farmington Hills' 53.5% pre-1980 housing share, per ACS 2020-2024 estimates, also means many buildings carry deferred-maintenance costs worth pricing in.
Do I need to fix up my Farmington Hills building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Do you work with Farmington Hills brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Farmington Hills, and we keep every conversation confidential.
Who buys occupied rental property in Farmington Hills?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
Do I need a broker to sell my apartment building in Farmington Hills?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Have A Property In Farmington Hills?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
