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644 Martin Luther King Jr. Boulevard

Detroit, MI 48201
  • $3,199,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: 2210095091
UPDATED: 38 min ago
$3,199,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,896
    SQFT
  • $97
    $/SQFT
Type:
Commercial
Built:
2001
County:
Zoning:
Multi-Family
Lot Size Dimensions:
150 X 190

School Ratings & Info

School District:

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

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-12-01T19:56:30.803.
www.alanbrowngroup.com/homes/123376397
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644 Martin Luther King Jr. Boulevard Detroit, MI 48201

  • Price: $3,199,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 38 min ago
  • ID#: 2210095091
0
Beds
0
Baths
0
½ Baths
N/A
Acres
32,896
SQFT
$97
$/SQFT
2001
Built
Neighborhood:
Det: Livernois-i75 6-gd River
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
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
Exterior Features

Architecture Level 4-10 Story Construction Materials AluminumBlock/Concrete/MasonryOther Exterior Features Playground Foundation Details Basement Foundation Materials BlockPoured Lot Size Dimensions 150 X 190 Road Frontage Feet 150 Road Frontage Type PavedPub. Sidewalk Roof Material AsphaltRubberOther Waterfront YN No

Interior Features

Building Area Source Plans Commercial Utilities Fire Sprinkler Heating Cooling BaseboardWindow/Wall UnitZoned Heating Fuel ElectricNatural Gas Room Count 0 Sq Ft Office 850 Unit One Bed Number Of 26 Unit Two Bed Number Of 12 Water Heater Fuel Natural Gas

Property Features

Commercial Type ApartmentsBusiness And Real EstateCommercialReal Estate Only Current Use Apartment Building Encroachment YN No Existing Lease YN Yes Gross Scheduled Income 252000.00 Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventionalWarranty Deed Monthly Sales 21000 Net Operating Income 0.00 Operating Expense 252000.00 Ownership Status Private OwnedShort Sale - No Possession Subject To Tenant Rights Postal City Detroit Protection Period 180 Rent Includes Garbage PickupSnow RemovalWater/SewerYard Maintenance Restrictions YN Yes Settlement City Sewer Sewer At StreetSewer-Sanitary Short Sale No Tax Amount Summer 100.0000 Tax Amount Winter 0.0000 Title Private - Owned Total Tax 100.0000 Unparsed Address 644 Martin Luther King Jr. Blvd Water Source Municipal WaterWater At Street Zone Conform YN Yes Zoning Multi-Family

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-12-01T19:56:30.803.
 
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Alan Brown Group
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