Apartment Acquisitions · Southfield
Sell Your Commercial Property In Southfield, MI
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Southfield and across Oakland County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- 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: Lathrup Village · Northland · Oak Park · Farmington Hills — Oakland County, MI
Market Snapshot
Renter Demand In Southfield
Southfield, Michigan is an Oakland County city of 76,236 residents whose skyline of corporate office towers sits along the Southfield Freeway and I-696, anchored by Lear Corporation's world headquarters and Credit Acceptance Corporation's headquarters. Renters hold 46.6% of Southfield's 34,860 occupied homes, ACS 2020–2024, and 39.4% of its housing sits in buildings of five or more units, well above Oakland County's 18.4% share. Owners who plan to sell commercial property in Southfield, MI should start with this renter-heavy, office-anchored market.
Lear Corporation HQ
Lear Corporation's world headquarters sits at 21557 Telegraph Road in Southfield, Michigan, per SEC EDGAR filings.Credit Acceptance HQ
Credit Acceptance Corporation is headquartered at 25505 West Twelve Mile Road in Southfield, Michigan, per SEC EDGAR filings.Lawrence Tech enrollment
Lawrence Technological University's Southfield campus enrolls about 3,000 students, per the university's own history page.Our Buy Box
What We Buy In Southfield
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
Southfield Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Southfield
Renters hold 46.6% of Southfield's 34,860 occupied homes, or 16,242 households, ACS 2020–2024, far above Oakland County's 27.3% renter share. Southfield's housing stock is older and denser than the county's: 39.4% of its 38,305 housing units sit in buildings of five or more units, more than double Oakland County's 18.4% share, and 84.4% of units predate 1980, with a median year built of 1969.
Rents and affordability in Southfield
Southfield's median gross rent is $1,340 a month, ACS 2020–2024, below Oakland County's $1,376 but above Michigan's $1,129 statewide median. Median household income in Southfield is $68,166, well under Oakland County's $97,760, and 51.7% of Southfield renters pay 30% or more of income on housing. Owners weighing whether to sell commercial property in Southfield, MI should compare these figures against HUD's fair market rents below.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,047 |
| 1 bedroom | $1,167 |
| 2 bedroom | $1,459 |
| 3 bedroom | $1,777 |
| 4 bedroom | $1,929 |
Property taxes in Oakland County
Southfield's combined 2025 non-homestead rate is 68.3569 mills in the Southfield school district, per the city's Tax Rates-Millages schedule. MCL 211.27a uncaps taxable value to 50% of true cash value at a sale, so a $2,000,000 Southfield apartment sale would land near a $1,000,000 taxable value and about $68,357 a year in property tax. State and county transfer tax together run $4.30 per $500 of value, about $17,200 on that sale, worth modeling before anyone decides to sell commercial real estate in Southfield, MI.
Landlord rules in Southfield
Michigan caps security deposits at 1.5 times monthly rent under MCL 554.602, and landlords must return deposits or itemize damages within 30 days under MCL 554.609. Nonpayment notices need 7 days under MCL 554.134, and month-to-month tenancies end on one month's notice under the same law. State law bars local rent control under MCL 123.411, so Southfield sets no rent caps of its own.
What this means for a Southfield owner
Southfield pairs Lear Corporation's world headquarters with Credit Acceptance Corporation's headquarters and Lawrence Technological University's roughly 3,000 students, giving the city a corporate-office employment base unlike most Oakland County suburbs. An owner ready to sell commercial property in Southfield, MI should price the city's 68.3569-mill tax reset before they sell your apartment building in Southfield. Our cap rate calculator and seller page explain how we underwrite Southfield buildings.
Local Knowledge
What Shapes A Southfield Offer
More about selling in Michigan →Investing in Southfield? See apartment syndications in Southfield →
- Southfield's 2025 non-homestead rate is 68.3569 mills, per the city's own tax rate schedule.
- Michigan law preempts rent control, so Southfield leases follow statewide landlord-tenant statutes instead.
- Owners should model Southfield's tax reset before they sell commercial real estate in Southfield, MI.
Seller Guides
Selling A Building In Southfield
Learn More
Taxes & Rules For Southfield Property
The Michigan rules that shape any deal in Southfield: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Southfield Seller FAQ
Is now a good time to sell commercial property in Southfield, MI?
Southfield's 46.6% renter share and $1,340 median gross rent, ACS 2020-2024, point to steady renter demand, and Lear Corporation keeps its world headquarters here. Owners weighing whether to sell multifamily property in Southfield should still price the city's tax reset and transfer tax first.
What should I know before I sell commercial real estate in Southfield, MI?
Southfield's 39.4% share of housing in 5+ unit buildings sits well above Oakland County's 18.4% baseline, and the city's 68.3569-mill rate resets at closing under MCL 211.27a. Our cap rate calculator and seller page model both before an owner lists a building.
What is the average rent in Southfield, Michigan?
Census ACS 2020-2024 estimates put Southfield's median gross rent at $1,340 a month, above Michigan's $1,129 statewide median. HUD's FY2027 fair market rents here run from $1,047 for an efficiency to $1,459 for a two-bedroom unit.
What is the property tax rate on apartment buildings in Southfield, MI?
Southfield's 2025 non-homestead rate is 68.3569 mills in the Southfield school district. Taxable value resets to 50% of true cash value at a sale, so a $2,000,000 building would owe about $68,357 a year in property tax.
Does Southfield, Michigan have rent control?
No. Michigan's MCL 123.411 bars local governments from enacting rent control ordinances. Southfield leases, deposits and eviction notices instead follow statewide landlord-tenant law, worth knowing before selling commercial property in Southfield changes hands.
What if my Southfield building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Southfield apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Southfield?
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.
What do I need to sell my apartment building in Southfield?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Southfield
A few details are enough to start. We respond to every Southfield submission, including off-market and pocket listings.
