644 Martin Luther King Jr., Detroit, Michigan 48201

$3,199,000
38
BA
32,896
SqFt
List Price
$3,199,000
Ownership
Private Owned, Short Sale - No
MLS#
2210095075
Status
ACTIVE
Bathrooms
38

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.

Additional Information

Summer Taxes
100
Year Built
2000
Basement Type
Common
Total Number Of Units
2
Conforms To Zoning
Yes
Zoning
Multi-Family
No 1 Bedrooms
26
No 2 Bedrooms
12
Acres
0.65
Style
Other
Acres
0.65
School District
Detroit
Interior Features
Elevator/Lift, Fire Sprinkler
Cooling
Window Unit(s)
Heating
Baseboard
Exterior Features
Fenced, Playground

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Legacy.

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