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Fully Renovated Multifamily Building

507 E Ann St Ann Arbor, MI 48104

New
507 E Ann St, Ann Arbor, MI, 48104
$3,450,000
For Sale
$3,450,000

Fully renovated 7-unit multifamily property with 15 beds and 6 on-site parking spaces.

Days on Market6

Property Features for 507 E Ann St

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1901
Listing Agency Altitude Commercial Real Estate, LLC
Listed by George Abro · License #6502432561
Source Elliman
Added: Jul 15 Updated: Jul 16 at 1:54 am Checked: Jul 19 at 5:36 am

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, LLC


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.

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Florist Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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