518 N Division St, Ann Arbor, MI 48104
- $720,000
- List Price
- $720,000
- MLS#
- 81026041953
- Status
- PENDING
- Subdivision
- OLD FOURTH WARD
Property Description
Prime Ann Arbor investment opportunity generating $60,000 in contracted annual rent. Currently configured as a 5-bedroom, 2-bath residence and leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants paying all utilities, including water and sewer. The existing layout may offer potential for future separation into a duplex configuration. Recent improvements include new A/C and laundry appliances in 2026, granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Outstanding Kerrytown/Old Fourth Ward location near downtown Ann Arbor, University of Michigan, Kerrytown Market & Shops, and the Farmers Market. Strong existing income with potential for additional value through future reconfiguration. Home Energy Score of 3. Download report at stream.a2gov.org.
Additional Information
- Site Description
- Level
- Year Built
- 1910
- Basement Type
- Full
- Acres
- 0.08
- Acres
- 0.08
- School District
- Ann Arbor
- Cooling
- Window/Wall
- Heating
- Forced Air, Natural Gas, Wall Furnace
- Garage Description
- Aggregate, Unpaved
Mortgage Calculator
Courtesy of Keller Williams Ann Arbor Mrkt 7349959400
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