$3,199,000 for Sale
644 martin luther king jr. boulevard, detroit, MI 48201
Property Description
38-Unit Apartment Building For Sale In Heart Of Detroit's Midtown Neighborhood Built in 2001, 26 1-bed & 12 2-bed. Units Individually Metered, Landlord Pays Water, Common Area Heat & Electric. PILOT In Place For Property Tax. Ideal For LIHTC Developers. Subject To The Affordable Housing Restrictions & Regulatory Agreement, This Building Is Perfect For Re-Syndication And An Ideal Candidate For The Millions Set Aside In The Detroit Affordable Housing Development & Preservation Fund. Owned And Operated By People United As One (PUAO), A Non-profit Organization Located In Detroit. PUAO Was Started By Homeless And Formerly Homeless People In July 1991. Its Mission Is To Uplift The Working Poor Through Counseling, Community Activism, And Economic Development. Their Programs Have Afforded Homeless Individuals The Opportunity To Obtain Basic Living Skills Training, Financial Assistance, Life Management Skills, Social And Psychological Counseling & Support Services. Pre-Qualified Showings Only
General Information
Sale Price: $3,199,000
Price/SqFt: $97
Status: Active
MLS#: rcomi2220012338
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0
Lot Dimensions: 150 x 190
Size: 32,896 sq.ft.
Acreage:
Year Built: 2001
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $100
Est. Winter Taxes: $0
IDX provided courtesy of Realcomp II Ltd. via AAA McNamara Properties and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders
Listing By: Hassan Shukr of Own It Realty, Phone: (313) 395-0000