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644 Martin Luther King Jr. Boulevard Detroit, MI 48201
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Key Details
Sold Price $1,550,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 32,896 sqft
Price per Sqft $47
MLS Listing ID 2220012338
Sold Date 07/09/24
Bedrooms 38
Originating Board Realcomp II Ltd
Year Built 2001
Annual Tax Amount $100
Lot Dimensions 150 x 190
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
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction North Side of ML King Jr. Blvd, East of 2nd St.
Interior
Hot Water Natural Gas
Heating Baseboard
Heat Source Electric, Natural Gas
Exterior
Roof Type Asphalt,Other,Rubber
Road Frontage Paved, Pub. Sidewalk
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Level or Stories 4-10 Story
Structure Type Aluminum,Block/Concrete/Masonry,Other
Schools
School District Detroit
Others
Tax ID W04I000685C8
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
Special Listing Condition Full Service
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