Brad Glowe - Arterra Realty Logo
$720,000
 $3,865 est/mo Sourced by Back At You
Source MLS Verified

518 N Division Street,Ann Arbor, MI 48104

Ann Arbor, MI 48104

Share:

PreviousNext

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.

Details

MLS #26041936
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1910
Days On Site67
Listing Provided ByKeller Williams Ann Arbor Mrkt | Kiara Nelson

Features

Bed(s)5
Bath(s) 2 Total
SQ Feet1,100
BasementY
Story(s)2
ZoningR4C
Acreage0.08

Taxes

Property7062

Area Information

StateMI
CountyWashtenaw
CityAnn Arbor
Zip Code48104
Community NameOld Fourth Ward
School DistrictAnn Arbor
Elementary SchoolBach Elementary School
High SchoolAnn Arbor
Listing VS Median (in Old Fourth Ward)
Price:
$720,000
low | high
Med:
$1,297,500
30.208333333333% of Average
sqft:
1,100
low | high
Med:
1,791
12.772727272727% of Average
$ / sqft:
$655
low | high
Med:
$705
42.269582157732% of Average
On site:
67
low | high
Med:
70.5
95.035460992908% of Average
Sourced by Back At You

Market Activity 48104

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Arterra at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center.

Contact

Learn More About This Property

Brad Glowe

Brad Glowe

Arterra

 (586) 651-0337brad.glowe@arterrarealty.com
StateMI
CountyWashtenaw
CityAnn Arbor
Zip Code48104
Community NameOld Fourth Ward
School DistrictAnn Arbor
Elementary SchoolBach Elementary School
High SchoolAnn Arbor
Listing VS Median (in Old Fourth Ward)
Price:
$720,000
low | high
Med:
$1,297,500
30.208333333333% of Average
sqft:
1,100
low | high
Med:
1,791
12.772727272727% of Average
$ / sqft:
$655
low | high
Med:
$705
42.269582157732% of Average
On site:
67
low | high
Med:
70.5
95.035460992908% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $540K - $900K
sqft: 825 - 1,000
Nearby Listings Property ImageNearby Listings Details
330 Detroit Street Property Photo 1
$699,000
330 Detroit Street
Ann Arbor, MI 48104
330 Detroit Street, 202 Property Photo 1
$699,000
330 Detroit Street, 202
Ann Arbor, MI 48104
Listing Updated: September 29, 2026 at 4:30:47 AM PDT