7950 E Lafayette Street, Detroit, MI 48214

Listing Description

Opportunities like this don't come around often! At just $299,000, this is a chance to own a piece of one of Detroit's most sought-after historic neighborhoods at a price point that's becoming increasingly difficult to find. Whether you're looking for a primary residence or a smart long-term investment, West Village continues to be one of the city's strongest plays for lifestyle and future value. This all-brick, three-story townhome offers more than 1,500 square feet of living space with 3 bedrooms and authentic architectural details that simply can't be replicated. Warm hardwood floors, soaring ceilings, exposed brick, and original moldings showcase the home's historic soul, while the spacious kitchen features butcher block countertops, stainless steel appliances, abundant cabinetry, and plenty of room to entertain. A rare third-floor loft adds tremendous flexibility and future upside, making the perfect home office, creative studio, guest retreat, or additional finished living space. The unfinished basement offers ample storage and even more opportunity to add value over time. Step outside and enjoy everything that makes West Village one of Detroit's most desirable neighborhoods. You're just moments from Belle Isle, Little Village, neighborhood, acclaimed restaurants, and local boutiques. As investment continues to pour into the surrounding area, buying into West Village at this price is becoming increasingly rare. The value extends beyond the purchase price. Move in ready, or improve upon what is there and make it your own flare! Owners may benefit from significant annual tax savings through Detroit's Homestead Exemption (18-mill reduction), and the home also qualifies for the NEZ-H tax abatement (approximately 13.5-mill reduction) - in other words taxes WILL reduce for an owner occupant. Grab it before it is gone for good!

Source: SparkMLS

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