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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 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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