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518 N Division Street, Ann Arbor, MI 48104-1136
518 N Division Street, Ann Arbor, MI 48104-1136
518 N Division Street, Ann Arbor, MI 48104-1136
518 N Division Street, Ann Arbor, MI 48104-1136
518 N Division Street, Ann Arbor, MI 48104-1136
518 N Division Street, Ann Arbor, MI 48104-1136
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Shawn Murphy, GRI, SRES

Shawn Murphy, GRI, SRES

+1(888) 983-2544
$ 720,000
Est. payment | /mo

5 Beds

2 Baths

1,100 SqFt

Save
$ 720,000
Est. payment | /mo
Save

5 Beds

2 Baths

1,100 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $654

MLS Listing ID 70551592

Style 2 Story

Bedrooms 5

Full Baths 2

Abv Grd Liv Area 1,100

Year Built 1910

Annual Tax Amount $7,062

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 40 x 66

Property Sub-Type Single Family

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

Area Ann Arbor (81021)

Interior

Hot Water Gas

Heating Wall Heat, Forced Air

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

Exterior

Garage No

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Other

Schools

School District Ann Arbor Public Schools

Others

SqFt Source Public Records

Energy Description Natural Gas

Financing Cash,Conventional,VA

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Ann Arbor Mrkt
Nearby Locations
Shawn Murphy, GRI, SRES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(888) 983-2544

srmurphy@ferndalerealty.com

6230 Highway 65 NE, Minneapolis, MN, 55432, USA

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518 N Division Street