Fully Renovated Multifamily
For Sale
$3,450,000
507 E Ann St, Ann Arbor, MI 48104
Fully renovated 7-unit multifamily property with 15 beds and 6 on-site parking spaces.
Property SizeContact for details
Days on Market37
Property Features for 507 E Ann St
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
7
Building Details
Year Built
1901
Tenancy
Multi
Listing Agency:
Altitude Commercial Real Estate
(248) 404-7281
Listed By:
George Abro · License #6502432561
(248) 404-7281
Source:
Elliman
Added: Jul 15
Changed: Jul 16
Last Checked: Aug 20 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Altitude Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully renovated multifamily building offers a total of 7 units with 15 beds, featuring a unit mix that includes one-bedroom apartments and larger multi-bedroom layouts. Updates throughout the property include new plumbing and electrical systems, new insulation, and storm windows. Interior finishes feature quartz countertops and custom cabinetry, with consistent finishes across units.
The property is located in the Kerrytown district of Ann Arbor, within walking distance of the University of Michigan, Kerrytown Market, and downtown restaurants, retail, and entertainment.
With on-site parking for 6 vehicles and extensive renovations completed, the building is set up for a turnkey residential income use.
The property is located in the Kerrytown district of Ann Arbor, within walking distance of the University of Michigan, Kerrytown Market, and downtown restaurants, retail, and entertainment.
With on-site parking for 6 vehicles and extensive renovations completed, the building is set up for a turnkey residential income use.
Key Highlights
- Fully renovated 7‑unit multifamily property with 15 beds and 6 on‑site parking spaces
- Year built 1901 multifamily featuring a mix of one‑bedroom and larger multi‑bedroom layouts
- Renovations include new plumbing, electrical, insulation, and storm windows throughout the property
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 7-unit multifamily property with 15 beds and 6 on-site parking spaces.
Where is this apartment building located?
The property is located at 507 E Ann St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Fully renovated 7‑unit multifamily property with 15 beds and 6 on‑site parking spaces; Year built 1901 multifamily featuring a mix of one‑bedroom and larger multi‑bedroom layouts; Renovations include new plumbing, electrical, insulation, and storm windows throughout the property
