About 518 N Division Street
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.
Features of 518 N Division Street
| MLS® # | 81026041953 |
|---|---|
| Price | $720,000 |
| Bathrooms | 0.00 |
| Acres | 0.08 |
| Year Built | 1910 |
| Type | Multifamily |
| 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
| Heating | Forced Air, Natural Gas, Wall Furnace |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Level |
|---|---|
| Construction | Other |
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 |