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Photo 1 of 518 N Division Street, Ann Arbor MI
Pending

518 N Division StreetAnn Arbor, MI 48104

$720,000

Listing courtesy of Keller Williams Ann Arbor Mrkt

5

Beds

2

Baths

1,100

Sqft

About

This Home

Prime Ann Arbor investment opportunity with $60,000 in contracted annual rental income. This 5-bedroom, 2-bath property is leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants responsible for all utilities, including water and sewer. Recent capital improvements include a new A/C unit and laundry appliances in 2026, new granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Located in the highly desirable Kerrytown/Old Fourth Ward area, just blocks from downtown Ann Arbor, the University of Michigan campus, Kerrytown Market & Shops, and the Ann Arbor Farmers Market. Strong rental location, established income, tenant-paid utilities, and significant recent mechanical and infrastructure updates make this a compelling addition to an Ann Arbor investment portfolio. Home Energy Score of 3. Download report at stream.a2gov.org.

Details

Property Type
Residential
Style
Single Family Residence
Year Built
1910
Lot Size
0.08 acres
Heating
Forced Air, Natural Gas, Wall Furnace
Cooling
Window Unit(s)
Basement
Full
Annual Taxes
$7,062
MLS #
81026041936

About Ann Arbor

Home to the University of Michigan, with a walkable downtown, Kerrytown and miles of parks along the Huron River. Buyers come for the schools, the culture and a steady housing market.

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Gallery

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Listing courtesy of Keller Williams Ann Arbor Mrkt. MLS # 81026041936. Information is deemed reliable but not guaranteed and should be independently verified.

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