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$3,199,000
644 Martin Luther King Jr Blvd, Detroit, MI 48201
0 Beds
0 Baths
32,896 SqFt

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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
  • Price:
  • $3,199,000
  • Square Footage:
  • 32,896
  • Year Built:
  • 2001
  • Listing ID #:
  • 2220012338
  • Street Address:
  • 644 Martin Luther King Jr Blvd
  • City:
  • Detroit
  • State:
  • Michigan
  • Postal Code:
  • 48201
  • County:
  • Wayne
  • Community:
  • Det: Livernois-I75 6-Gd River
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
School District: Detroit
  • Foundation:
  • Basement
  • Foundation Material:
  • Block, Poured
  • Main Level Square Footage:
  • 32896
  • Number Of 1 Bedroom Units:
  • 26
  • Number Of 2 Bedroom Units:
  • 12
  • Number Of Units:
  • 2
  • Office Square Footage:
  • 850
  • Rent Includes:
  • Water/Sewer, Snow Removal, Trash Collection (garbage Pickup), Water, Yard Maintenance
  • Siding:
  • Aluminum, Block/Concrete/Masonry, Other
  • Stories:
  • 4-10 Story
  • Total Building Square Footage:
  • 32896
  • Type Of Roof:
  • Asphalt, Other, Rubber
  • Year Built:
  • 2001
  • Operating Expense:
  • 252000.00
  • Conforms To Zoning:
  • Multi-Family
  • Existing Land Use:
  • Apartment Building
  • Road Frontage:
  • 150
  • Road Frontage Type:
  • Paved, Pub. Sidewalk
  • Days On Market:
  • 168
  • Financing Options:
  • Cash, Conventional, Warranty Deed
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 100.0000
  • Winter Tax:
  • 0.0000
  • Existing Water:
  • Public (municipal), Water At Street
  • Heating:
  • Baseboard, Zoned
  • Heating Fuel:
  • Electric, Natural Gas
  • Sewage Type:
  • Public Sewer (sewer-Sanitary), Sewer At Street
  • Water Heater:
  • Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • IDX provided courtesy of Realcomp II Ltd., via Jason Mitchell Group | Michigan and Realcomp II Ltd, ©2022 Realcomp II Ltd. Shareholders FARMHILL

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