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644 Martin Luther King Jr. Boulevard

Detroit, MI 48201
  • $3,199,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 2210095075
UPDATED: 166 min ago
$3,199,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 38
    BATHS
  • 0
    1/2 BATHS
  • 32,896
    SQFT
  • $97
    $/SQFT
Type:
Multi-Family
Built:
2000
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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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The BK Agency 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: 2021-12-08T23:56:40.317.
www.thebkagency.com/homes/123376401
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644 Martin Luther King Jr. Boulevard Detroit, MI 48201

  • Price: $3,199,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 166 min ago
  • ID#: 2210095075
0
Beds
38
Baths
0
½ Baths
0.65
Acres
32,896
SQFT
$97
$/SQFT
2000
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 Architecture Style Other Construction Materials AluminumBlock/Concrete/MasonryOther Exterior Features FencedPlayground Foundation Details Basement Foundation Materials BlockPoured Lot Size Dimensions 150 X 190 Multifamily Parking Off SiteOn StreetPaved Pool YN No Road Frontage Feet 150 Road Frontage Type Pub. Sidewalk Roof Material AsphaltRubberOther Waterfront YN No

Interior Features

Basement Type Common Basement YN Yes Baths Total 38.00 Cooling Window Unit(S) Heating Baseboard Heating Fuel ElectricNatural Gas Interior Features Elevator/LiftFire Sprinkler Living Area Source Plans Room Count 0 Sq Ft Combined 33896 Sq Ft Lower Floor 1000 Sq Ft Total Basement 8000 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 26 Unit Three Bed Number Of 0 Unit Two Bed Number Of 12 Water Heater Fuel CommonNatural Gas

Property Features

Down Payment Resource YN No Encroachment YN No Exclusions YN No Existing Lease YN No Gross Scheduled Income 252000.00 Income Projection Projected Land Contract YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 21000 Net Operating Income 0.00 Number Of Units Leased 34 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed No Postal City Detroit Protection Period 180 Rent Includes Garbage PickupSnow RemovalWater/SewerYard Maintenance Restrictions YN Yes Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 100.0000 Tax Amount Winter 0.0000 Title Private - Owned Total Tax 100.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 644 Martin Luther King Jr. Blvd Water Source Municipal WaterWater At Street Zone Conform YN Yes Zoning Multi-Family

IDX provided courtesy of Realcomp II Ltd., via Keller Williams Legacy and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The BK Agency 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: 2021-12-08T23:56:40.317.
 
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The BK Agency
18421 James Couzens
Detroit MI, 48235