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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

About

This Home

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.

Details

Property Type
Residential Income
Style
Multi Family
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 #
81026041953

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 # 81026041953. Information is deemed reliable but not guaranteed and should be independently verified.

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