Detroit, MI 48201,644 Martin Luther King Jr. Boulevard
Detroit, MI 48201,644 Martin Luther King Jr. Boulevard
Detroit, MI 48201,644 Martin Luther King Jr. Boulevard
51
$1,550,000
$3,199,000
51.5%
Est.Price: ?

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32,896 SqFt

644 Martin Luther King Jr. Boulevard Detroit, MI 48201

Est. payment /mo
SOLD DATE : 07/09/2024

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Key Details

Sold Price $1,550,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 32,896 sqft

Price per Sqft $47

Subdivision Mi

MLS Listing ID 60043853

Sold Date 07/09/24

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 Detroit (82001)

Zoning Multi-Family

Interior

Heating Baseboard

Exterior

Waterfront No

Roof Type Asphalt,Other-See Remarks,Rubber

Building

Foundation Basement

Water Public Water, Public Water at Street

Structure Type Block,Log,Other

Others

Ownership Private

Energy Description Electric,Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Own It Realty
Bought with Own It Realty

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Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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