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$115,000
-- Bed
-- Bath
0.3acre lot
7320 E Lafayette St, Detroit City Wayne, MI 48214
$115,000
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Land
Built in -
$-- HOA
0.3 acre lot
$383,333/acre
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 ren...
- Houzeo last checked: 56 Minutes ago
- Listing updated: January 7, 2026 at 5:19 pm
- Listing Provided by: Bill Swanson (313) 963-9891 | O'Connor Realty Detroit, LLC (313) 963-9891
- Source: Realcomp MLS-MI | MLS#: 20240050145
- Originating MLS: Realcomp II Ltd
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
0.3 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20240050145
MLS Status
Active
Days on Market
549
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