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644 Martin Luther King Jr. Boulevard

Detroit, MI 48201
  • $3,199,000
  • STATUS: Active
  • ON SITE: 216 Days
  • ID#: 2220012338
UPDATED: 26 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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IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus 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: 2022-09-29T12:59:05.753.
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644 Martin Luther King Jr. Boulevard Detroit, MI 48201

  • Price: $3,199,000
  • Status: Active
  • On Site: 216 Days
  • Updated: 26 min ago
  • ID#: 2220012338
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 Foundation Details Basement Foundation Materials BlockPoured Interstate YN No Lot Size Dimensions 150 X 190 Road Frontage Feet 150 Road Frontage Type PavedPub. Sidewalk Roof Material AsphaltOtherRubber Waterfront YN No

Interior Features

Building Area Source Plans Heating Cooling BaseboardZoned Heating Fuel ElectricNatural Gas Sq Ft Main 32896 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 Business And Real Estate Current Use Apartment Building Encroachment YN No Existing Lease YN Yes Gross Scheduled Income 252000.00 Inventory Included YN No 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 Short Sale - NoPrivate Owned Possession Subject To Tenant Rights Postal City Detroit Protection Period 180 Rent Includes Water/SewerSnow RemovalTrash Collection (Garbage Pickup)WaterYard Maintenance Restrictions YN Yes Settlement City Sewer Public Sewer (Sewer-Sanitary)Sewer At Street Short Sale No Tax Amount Summer 100.0000 Tax Amount Winter 0.0000 Title Standard (Private) Total Tax 100.0000 Unparsed Address 644 Martin Luther King Jr. Boulevard Water Source Public (Municipal)Water At Street Zone Conform YN Yes Zoning Multi-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Own It Realty: (313) 395-0000 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus 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: 2022-09-29T12:59:05.753.
 
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