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Mike Layne

mikelaynerealtor@gmail.com +1(248) 298-6825

$ 720,000

Est. payment -/mo

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Open Fri 2PM-4PM

518 N Division ST Ann Arbor, MI 48104

5 Beds

2 Baths

1,100 SqFt

Open House

Fri Aug 14, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $654

Subdivision Old Fourth Ward

MLS Listing ID 81026041936

Style Victorian

Bedrooms 5

Full Baths 2

Year Built 1910

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type SingleFamilyResidence

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 Area04092Annarbor

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas, Wall Furnace

Cooling Window Unit(s)

Flooring CeramicTile, Linoleum, Wood

Fireplace No

Laundry InBasement

Exterior

Exterior Feature Garden

Parking Features Aggregate, Unpaved

Fence Back Yard

Community Features Sidewalks

Utilities Available CableConnected, NaturalGasConnected, PhoneConnected

View Y/N No

Roof Type Asphalt

Garage false

Building

Lot Description Level, LandscapedGroundCover

Foundation Basement

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Ann Arbor

Others

Acceptable Financing Cash, Conventional, VaLoan

Listing Terms Cash, Conventional, VaLoan

Special Listing Condition Standard

Listed by Kiara Nelson of Keller Williams Ann Arbor Mrkt

Mike Layne

Agent | License ID: 427271

+1(248) 298-6825

Mike Layne

518 N Division ST Ann Arbor, MI 48104

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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518 N Division ST