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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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507 E Ann St , Ann Arbor, MI 48104
$3,199,000
Est. Payment: $16,473.23/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 18
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House 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 furnishings feature quartz countertops, custom cabinetry, and consistent high-end niches throughout all units, providing a cohesive and modern tenant experience. Positioned within walking distance to the University of Michigan, Kerrytown Market, downtown restaurants, retail shops, and entertainment, the property is ideally located for strong tenant demand and long-term rental stability.

Highlights

Listed by George Abro , 248-404-7281 Altitude Commercial Real Estat , 248-781-8077. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1901

County

Washtenaw

School District

Ann Arbor

Listing ID

26035677

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Basement:Full

Exterior Features

Lot:Sidewalk
Garage Capacity:6
Roof:Composition
Sewer:Public Sewer
Parking Features:Concrete,Driveway,Paved
Principal Interest
$16,473
Taxes
$1,704

Home Price

$3,199,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$639,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$16,473.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,473.23 $1,704.25 $0.00 $18,177.48
Yearly $197,678.79 $20,451.00 $0.00 $218,129.79
Total $5,930,363.82 $613,530.00 $0.00 $6,543,893.82
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Ann Arbor, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC