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500 Catherine St, Ann Arbor, MI 48104

$1,249,000

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List Price: $1,249,000
MLS#: 81026035679
Status: ACTIVE

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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.

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Additional Information

Year Built: 1910
Basement Type: Full
Acres: 0.10
Acres: 0.10
School District: Ann Arbor
Cooling: Window/Wall
Heating: Hot Water, Other, Radiant
Garage Description: Paved