518 N Division Street, Ann Arbor, MI 48104

Ann Arbor
Local realty services provided by:ERA Prime Real Estate Group
518 N Division Street,Annarbor, MI 48104
$720,000
  • 5 Beds
  • 2 Baths
  • 1,100 sq. ft.
  • Single family
  • Pending
Listed by: kiara nelson, dominic nelson
Office: keller williams ann arbor mrkt
MLS#:81026041936
Source:MI_REALCOMP

Price summary

  • Price:$720,000
  • Price per sq. ft.:$426.54

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.

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Home facts

  • Year built:1910
  • Subdivision & Development:OLD FOURTH WARD
  • Listing ID #:81026041936
  • Added:49 day(s) ago
  • Updated:September 30, 2026 at 09:22 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:7
  • Flooring:Ceramic Tile, Linoleum, Wood
  • Basement Description:Full
  • Living area:1,100 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Natural Gas, Wall Furnace

Structure and exterior

  • Roof:Asphalt
  • Year built:1910
  • Building area:1,100 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Landscaped Ground Cover, Level
  • Architectural Style:Victorian
  • Exterior Features:Covered, Deck, Garden, Porch
  • Foundation Description:Basement

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$720,000
  • Price per sq. ft.:$426.54
  • Tax amount:$7,062

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Laundry features:In Basement

Parking

  • Parking description:Aggregate, Unpaved
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