About this home

Water and Gas covered by the HOA! Excellent investment opportunity with a long-term tenant already in place, making this a true turnkey rental. The current tenant has occupied the property for 8 years and pays $1,800 per month, providing immediate rental income from day one. This spacious 3-bedroom, 2.5-bath condo offers a functional two-story floor plan with generous room sizes, a private patio, and a finished basement for additional living space. The primary bedroom features its own private bathroom, and the layout has made this home a desirable long-term rental. Whether you're looking to expand your portfolio or purchase your first investment property, this is an opportunity to own an income-producing property with an established tenant already in place.

The facts

Property taxes: the seller's bill vs. yours

Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $2,323 a year more than this seller pays. The assessor's state equalized value (SEV) is $88,380. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Southfield's 2025 homestead rate of 57.02 mills and assumes you claim the homestead exemption. See Southfield's full tax breakdown or run the uncapping calculator.

Ask Match Realty about this home

IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-05T17:20-04:00; refreshed at least twice daily.