518 N Division Street, Ann Arbor, MI 48104
518 N Division Street, Ann Arbor, MI 48104
518 N Division Street, Ann Arbor, MI 48104
48
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$720,000
Est. payment /mo
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5 Beds
2 Baths
1,100 SqFt
Open Fri 2PM-4PM

518 N Division Street Ann Arbor, MI 48104

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Sylvia Dana

Sylvia Dana

+1(616) 570-8864

Open House

Fri Aug 14, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $654

Municipality Ann Arbor

Subdivision Old Fourth Ward

MLS Listing ID 26041936

Style Victorian

Bedrooms 5

Full Baths 2

Year Built 1910

Annual Tax Amount $7,062

Tax Year 2025

Lot Size 2,614 Sqft

Acres 0.08

Lot Dimensions 40 x 66

Property Sub-Type Single Family Residence

Source Michigan Regional Information Center (MichRIC)

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, electrical panel in 2023, and sewer line replacement. 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

Direction From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St.

Rooms

Basement Full

Interior

Heating Forced Air, Wall Furnace

Cooling Window Unit(s)

Flooring Ceramic Tile, Linoleum, Wood

Fireplace false

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Laundry In Basement

Exterior

Fence Fenced Back

Utilities Available Phone Connected, Natural Gas Connected, Cable Connected, High-Speed Internet

View Y/N No

Roof Type Asphalt

Street Surface Paved

Porch Covered, Deck, Porch(es)

Garage No

Building

Lot Description Level, Sidewalk

Story 2

Sewer Public

Water Public

Architectural Style Victorian

Structure Type Other

New Construction No

Schools

Elementary Schools Bach Elementary School

Middle Schools Slauson Middle School

High Schools Pioneer High School

School District Ann Arbor

Others

Tax ID 09-09-29-102-009

Acceptable Financing Cash, VA Loan, Conventional

Listing Terms Cash, VA Loan, Conventional

Listed by Keller Williams Ann Arbor Mrkt

NEARBY SCHOOL & BUSINESS

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Sylvia Dana

Sylvia Dana

Agent | License ID: 6501400118

+1(616) 570-8864

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518 N Division Street