518 N Division St, Ann Arbor, MI 48104
- $720,000
- 5
- BD
- 2
- BA
- 1,100
- SqFt
- List Price
- $720,000
- MLS#
- 81026041936
- Status
- PENDING
- Bedrooms
- 5
- Bathrooms
- 2
- Total Square Footage
- 1,100
- Subdivision
- OLD FOURTH WARD
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.
Additional Information
- Site Description
- Level, Landscaped
- Year Built
- 1910
- Basement Type
- Full
- Foundation
- Basement
- Acres
- 0.08
- Style
- Victorian
- Acres
- 0.08
- School District
- Ann Arbor
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Range, Washer
- Cooling
- Window/Wall
- Heating
- Forced Air, Natural Gas, Wall Furnace
- Exterior Features
- Garden
- Garage Description
- Aggregate, Unpaved
Mortgage Calculator
Courtesy of Keller Williams Ann Arbor Mrkt 7349959400
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