About 518 N Division Street
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.
Features of 518 N Division Street
| MLS® # | 81026041936 |
|---|---|
| Price | $720,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,100 |
| Acres | 0.08 |
| Year Built | 1910 |
| Type | Residential |
| Sub-Type | Victorian |
| Style | Victorian |
| Status | Pending |
Community Information
| Address | 518 N Division Street |
|---|---|
| Area | 04092 - Ann Arbor |
| Subdivision | OLD FOURTH WARD |
| City | Ann Arbor city |
| County | Washtenaw |
| State | Michigan |
| Zip Code | 48104 |
Amenities
| Utilities | Cable Connected, Natural Gas Connected, Phone Connected |
|---|---|
| Parking | Aggregate, Unpaved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Range, Washer |
|---|---|
| Heating | Forced Air, Natural Gas, Wall Furnace |
| Cooling | Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Garden |
|---|---|
| Lot Description | Level, Landscaped Ground Cover |
| Construction | Other |
| Foundation | Basement |
School Information
| District | Ann Arbor |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Ann Arbor Mrkt |
|---|---|
| Contact Info | Kiara@NelsonRG.com |