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CommercialSold
List Price $3,199,000
Sold Price $1,550,000
644 Martin Luther King Jr. Boulevard
Detroit, MI 48201
Listed by: Own It Realty, (313) 395-0000
MLS: Realcomp II Ltd
32,896Sq Ft
Est. Mortgage
$16,613/mo

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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