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

518 N Division Street,Ann Arbor, MI 48104

Ann Arbor, MI 48104

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Description

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.

Details

MLS #70551614
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1910
Days On Site60
Listing Provided ByKeller Williams Ann Arbor Mrkt | Kiara Nelson

Features

BasementY
Units2
Acreage0.08

Interior

Heating Yes / NoYes
HeatingWall Furnace, Forced Air

Exterior

Construction MaterialsOther
Foundation DetailsBasement
Lot FeaturesSidewalks

Other

List AorGreater Metropolitan Association of REALTORS

Taxes

Property7062

Area Information

StateMI
CountyWashtenaw
CityAnn Arbor
Zip Code48104
AreaAnn Arbor (81021)
Listing VS Median (in 48104)
Price:
$720,000
low | high
Med:
$260,000
100% of Average
On site:
60
low | high
Med:
37
100% of Average
Sourced by Back At You

Market Activity 48104

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Contact

Learn More About This Property

Brad Glowe

Brad Glowe

Arterra

 (586) 651-0337brad.glowe@arterrarealty.com
StateMI
CountyWashtenaw
CityAnn Arbor
Zip Code48104
AreaAnn Arbor (81021)
Listing VS Median (in 48104)
Price:
$720,000
low | high
Med:
$260,000
100% of Average
On site:
60
low | high
Med:
37
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $540K - $900K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
518 N Division Street Property Photo 1
$720,000
518 N Division Street
Ann Arbor, MI 48104
518 N Division Street Property Photo 1
$720,000
518 N Division Street
Ann Arbor, MI 48104
Listing Updated: October 9, 2026 at 12:33:19 PM PDT