$1,269,000
Est. payment /mo
2,446 SqFt
Price Dropped by $81K
500 Catherine Street Ann Arbor, MI 48104
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,446 sqft
Price per Sqft $518
Subdivision Mi
MLS Listing ID 70545356
Year Built 1910
Annual Tax Amount $18,103
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40x104
Property Sub-Type Multi-Family
Property Description
Rare opportunity to acquire a well-located multifamily investment property in the Kerrytown area of Ann Arbor. Located at 500 Catherine Street, this property consists of four residential units totaling eight beds, featuring a diverse unit mix of 1- one-bedroom unit, 2- two-bedroom units, and 1- three-bedroom unit. The varied layouts provide broad tenant appeal and flexibility for a range of renters, including students, young professionals, and downtown residents. Positioned just minutes from the University of Michigan and downtown Ann Arbor, the property benefits from strong rental demand, walkability, and proximity to Kerrytown Market, restaurants, retail, and entertainment. This is an attractive opportunity for investors seeking stable cash flow and long-term appreciation in one of Ann Arbor's most desirable rental submarkets.
Location
State MI
County Washtenaw
Area Ann Arbor (81021)
Interior
Heating Hot Water, Radiant
Exterior
Exterior Feature Aluminum, Brick
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Aluminum,Brick
Schools
School District Ann Arbor Public Schools
Others
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Altitude Commercial Real Estat
NEARBY SCHOOL & BUSINESS
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