507 E Ann St
- 7-unit multifamily property with 15 total beds
- Located in the highly desirable Kerrytown district of Ann Arbor
- 6 on-site parking spaces
- Extensive renovations completed throughout the property
- Consistent high-end finishes across all units
Property Description
Rare opportunity to acquire a fully renovated multifamily asset in the heart of the highly desirable Kerrytown district of Ann Arbor. Located at 507 E Ann Street, the property consists of 7 units with a total of 15 beds and 6 on-site parking spaces, offering a diverse unit mix that includes both one-bedroom apartments and larger multi-bedroom layouts. Extensive renovations have been completed throughout the property, including new plumbing, electrical, insulation, and storm windows, creating a turnkey investment opportunity with strong long-term appeal. Interior finishes feature quartz countertops, custom cabinetry, and consistent high-end finishes throughout all units, providing a cohesive and modern tenant experience. Positioned within walking distance to the University of Michigan, Kerrytown Market, downtown restaurants, retail, and entertainment, the property is ideally located for strong tenant demand and long-term rental stability.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,100,000 |
| No. of Units: | 7 |
| Year Built: | 1901 |
| Lot Size: | 0.11 Acres |
| Opportunity Zone: | No |
| Price per unit: | $442,857 |
| Property Website | Click Here |
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout