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  • Overview

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Buy a multi-family propertyat 644 Martin Luther King Jr., Detroit, MI 48201

$3,199,000

$0/mo

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Multifamily

0.76 Acres

0.65 Acres lot

909 Days on market

60043855 MLS ID

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About 644 Martin Luther King Jr. multi-family property

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.
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.

Property details

Property Access

Paved Street

Basement

Block

Common

Poured

Bathrooms

38 full bathrooms

House

32,896 square feet

38 total units

Built in 2000

Community

Playground

Cooling

Window Unit(s)

Exterior Features

Aluminum

Other

Fenced Yard

Foundation

Basement

Water

Gas

Public Water

Public Water at Street

Heating

Electric

Natural Gas

Baseboard

Electric Heat

Income

Net operating income: $0

Interior Features

Elevator/Lift

Fire Sprinkler

Listing

Originating MLS: RealComp

Sale/rent: For Sale

Location

Area: Detroit (82001)

County: Wayne

Cross street: N of TEMPLE/E of WOODWARD

Lot

Lot size: 150 x 190

0.65 acres

Parking

On Street

Property

Multi-Family

Schools

School district: Detroit City School District

Sewer

Public Sanitary

Taxes

Total amount: $100

Monthly cost

Estimated monthly cost

$22,465/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Schools

This home is within the Detroit Public Schools Community District.

Detroit enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$3,007,060

+$95,970

$3,103,030

Seller agent commission$95,970 (3%)*

$0 (0%)

Buyer agent commission$95,970 (3%)*

$95,970 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $95,970 more selling your home
with an Unreal Estate agent

Start free MLS listing
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State

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Unreal Estate checked: May 17, 2024 at 3:10 a.m.

Data updated: Mar 16, 2023 at 8:57 p.m.

Courtesy of Own It Realty.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Listing Information © 2024 MiRealSource Inc. All Rights Reserved.

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