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.
Lot/land
$115,000
7320 E Lafayette St, Detroit, MI 48214
--beds
--baths
0.3Acres
Land
Built in ----
0.3 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Buildable land
- 401 days
- on Zillow |
- 68 |
- 7 |
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