644 Martin Luther King Jr. Boulevard
Detroit, MI 48201
#R2220012338
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
Construction Details
- Property TypePurchase
Condition
- Year Built2001
Community and Neighborhood Details
- CountyWayne
Financial Details
- Original List Price$3,199,000
- Days on Market (Cumulative)607
- Buying Agency Compensation2%
Other
- MLS #R2220012338
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- Garage Spaces0
Location
Legal
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Last Updated: . Source: AAABOR
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