48
See all 48 photos
$720,000
Est. payment /mo
5 Beds
2 Baths
1,100 SqFt
New
518 N Division Street Ann Arbor, MI 48104-1136
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Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $654
MLS Listing ID 70551592
Style 2 Story
Bedrooms 5
Full Baths 2
Abv Grd Liv Area 1,100
Year Built 1910
Annual Tax Amount $7,062
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 40 x 66
Property Sub-Type Single Family
Property Description
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.
Location
State MI
County Washtenaw
Area Ann Arbor (81021)
Interior
Hot Water Gas
Heating Wall Heat, Forced Air
Appliance Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Exterior
Garage No
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Other
Schools
School District Ann Arbor Public Schools
Others
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Conventional,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Ann Arbor Mrkt
Nearby Locations
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