$18,950
$25,000 24.2%
Est. payment /mo
6,969 Sqft Lot
Sold on 04/18/2023
501 E BETHUNE Detroit, MI 48202
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Key Details
Sold Price $18,950
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Wm. Y. Hamlin & S. J. Browns Sub (Plats)
MLS Listing ID 2200023782
Lot Size 6,969 Sqft
Property Description
Great lot for infill building located in Detroit's bustling North End neighborhood. Currently there is a 19 unit redevelopment project underway in the neighborhood and a ton of other new developments bringing new life to the area. This lot is within walking distance to the Q-Line and New Center Area. It is also in close proximity to Wayne State University and Henry Ford Hospital. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Residential
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash
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Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc
Bought with RCH Brokerage Legacy Inc
Bought with RCH Brokerage Legacy Inc