$720,000
5 Bed
2 Bath
1,100 Sqft
0.08 Acre Lot

518 N Division Street, Ann Arbor, Michigan 48104

  • Residential Property Type
  • 1,100 Sqft Square Footage
  • 1910 Year Built
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, 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.

Basic Details
Residential
For Sale
26041936
$720,000
5
7
2
1,100 Sqft
1910
0.08 Acre
Pending
2
Single Family Residence
: Asphalt
Features
: Forced Air, Wall Furnace
: Window Unit(s)
: Full
: Fenced Back
: Deck, Porch(es), Covered
: Victorian
: Wood, Ceramic Tile, Linoleum
: In Basement
: Public
: Natural Gas Connected, Phone Connected, Cable Connected, High-Speed Internet
Appliances
: Dryer, Washer, Dishwasher, Microwave, Range, Refrigerator
Address Map
MI
Washtenaw
Ann Arbor
Old Fourth Ward
48104
Division
518
Street
W84° 15' 23.8''
N42° 17' 7.2''
From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St.
N
Neighborhood
Bach Elementary School
Pioneer High School
Ann Arbor
Slauson Middle School
Additional information
Keller Williams Ann Arbor Mrkt
Kiara Nelson
Additional Information
1100
: Other
: Level, Sidewalk
40 x 66
2026-08-11
2
: Public
Financial
7062.0
Listing Information
Dominic Nelson
anelsodom103
oa0091
Keller Williams Ann Arbor Mrkt
anelsokia103
oa0091
Cash, VA Loan, Conventional
Pending
2026-08-20T14:35:44Z
MICHRIC
2026-08-15T23:50:03Z
Agent info
6231 W River Dr NE STE K, Belmont, MI 49306
Contact Agent