$720,000
0.08 Acre Lot

518 N Division Street, Ann Arbor, Michigan 48104

  • Multi Family Property Type
  • Driveway Cars Garage
  • 1910 Year Built
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.

Basic Details
Multi Family
For Sale
26041953
$720,000
1910
0.08 Acre
Pending
2 to 4 Units
Features
: Forced Air, Wall Furnace
: Window Unit(s)
: Full
: Driveway, Unpaved, Aggregate
: In Basement
: Natural Gas Connected, Phone Connected, Cable Connected
Address Map
MI
Washtenaw
Ann Arbor
Old Fourth Ward
48104
Division
518
Street
W84° 15' 23.8''
N42° 17' 7.2''
N
Neighborhood
Bach Elementary School
Pioneer High School
Ann Arbor
Slauson Middle School
Additional information
Keller Williams Ann Arbor Mrkt
Kiara Nelson
Additional Information
: Other
: Level, Sidewalk
40 x 66
2
2026-08-11
Financial
7062.0
Listing Information
Dominic Nelson
anelsodom103
oa0091
Keller Williams Ann Arbor Mrkt
anelsokia103
oa0091
VA Loan, Cash, Conventional
Pending
2026-08-20T14:35:45Z
MICHRIC
2026-08-15T23:51:00Z
Agent info
6231 W River Dr NE STE K, Belmont, MI 49306
Contact Agent