MLS Public Remarks 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.
http://www.www.realestateone.com.com/2220012343
Township Detroit
Directions NORTH SIDE OF ML KING JR. BLVD, EAST OF 2ND ST
Fin Below Grd SqFt 1,000
Total Fin SqFt 33,896
Price/SqFt $97
Unfinished SqFt 0
Above Grade Finished SqFt 32,896
CDOM 879
Sub Property Type Multifamily
Year Built 2000
Days on Market 879
Land Assessment -
Improvements $3199000
Net Taxes $100
Acreage 0.65
Taxes -
Tax Year -
Summer Taxes $100
School District Detroit
Winter Taxes -
Lower Level Square Footage 1,000
Waterview N
Number of Units 38
Waterfront N
For Lease/Rent N
Est. Total Acres 0.65
Lot Dimensions 150 x 190
WaterFrontage
0
Heating Baseboard, Electric, Natural Gas
Cooling Window Unit(s)
Water Public (Municipal), Water at Street
Basement Y
Heating Baseboard, Electric, Natural Gas
Garage 0.0
Architecture 4-10 Story
Basement details Common
Sewer Public Sewer (Sewer-Sanitary)
Parking Desc Off Site, On Street, Paved
Exterior Features Fenced, Playground
Home Style Other
Possession At Close
Exterior Materials Aluminum, Block/Concrete/Masonry, Other
Status Change Date 02/24/2022
Listing Date 11/18/2021
Internet/IDX Y
Named Exceptions Y
Listing Office
Own It Realty
Office Address
19855 Outer Dr Ste 310
Listing Number
2220012343
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