MI
Wayne
Detroit City
48214
7320 E LAFAYETTE Street
7320 E LAFAYETTE Street, Detroit City, MI 48214
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Listing Type
Lots/Land
Listing Status
active
16
$115,000

Home Details for 7320 E LAFAYETTE Street

Price
$115,000
Type
Land
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Lot size acres
0.3
County
Wayne
Garage
Days on site
425
MLS Listing#
20240050145
Property Description

Nice sized buildable land in Islandview in the vibrant and growing Villages neighborhood. Low Income Housing Income Tax Potential – According to the U.S. Housing and Urban Development website, this property is located in a Qualified Tract Zone, which allows for an additional 30% of low income housing credits, in addition to the 9% credit on qualified development costs. Buyer to Verify Zoning - The property is zoned R5, which allows for apartments/affordable housing to be constructed. Also, R5 zoning may allow for certain specified non-residential uses, as long as those uses can be blended into the district. So, for example, the first floor of a building could be rented out to businesses such as convenience stores, gyms, hair/nail salon, and other businesses which directly support residents.

Property Features
  • Utilities
    • Electricity Available
    • Natural Gas Available
    • Sewer Available
    • Water Available
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • WateratStreet
Listing Courtesy: O'Connor Realty Detroit, LLC - 313-963-9891
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Median Listing Price
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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