Active

644 Martin Luther King Jr. Boulevard

Detroit MI, 48201

$3,199,000


$97.25 per sqft

Active

50 Beds

38 Baths

32,896 sqft

Multi-family

Built in 2000

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.

2220012343

MLS ID

November 18, 2021

Listed

March 29, 2024

Updated

Map

644 Martin Luther King Jr. Boulevard
Detroit MI, 48201

Interior Features

Bedrooms

50 Beds


Bathrooms

38 Baths


Interior Features

Elevator


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Electric

Exterior/Building Features

Lot Size

0.65 Acres


Architectual Style

Other

School Information

School District

Detroit

Other Property Details

Area Name

Det: Livernois-I75 6-Gd River


Taxes

$100


Tax Frequency

Annually


Days on Market

751


Garage

No


View

No


County

Wayne


Pool

No


Zoning

Multi-Family


Buyer Agency Compensation

2%

 

Courtesy of Own It Realty

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Originating MLS:
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Data last updated 10:14 PM UTC, 3/29/2024

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