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.maxbroock.com.com/2220012338
Township Detroit
Directions North Side of ML King Jr. Blvd, East of 2nd St.
Fin Below Grd SqFt 0
Total Fin SqFt 32,896
Price/SqFt $97
Current Use Apartment Building
Unfinished SqFt 0
Above Grade Finished SqFt 32,896
CDOM 896
Comm. Office Space 850
Sub Property Type Commercial
Year Built 2001
Days on Market 896
Land Assessment $850
Improvements $3199000
Net Taxes $100
Acreage -
Taxes -
Tax Year -
Summer Taxes $100
School District Detroit
Winter Taxes -
Lower Level Square Footage 0
Waterview N
Waterfront N
For Lease/Rent N
Est. Total Acres 0.0
Lot Dimensions 150 x 190
WaterFrontage
0
Heating Baseboard, Electric, Natural Gas
Water Public (Municipal), Water at Street
Zoning Multi-Family
Heating Baseboard, Electric, Natural Gas
Garage 0.0
Architecture 4-10 Story
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Possession Subject To Tena
Exterior Materials Aluminum, Block/Concrete/Masonry, Other
Status Change Date 02/24/2022
Listing Date 11/18/2021
Internet/IDX Y
Listing Office
Own It Realty
Office Address
19855 Outer Dr Ste 310
Listing Number
2220012338
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