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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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518 N Division St , Ann Arbor, MI 48104
$720,000
Est. Payment: $1,600.00/mo
0 Bed
0 Bath
0 Sqft
Status: Pending | Days on site: 4
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By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Kiara Nelson , 734-732-3844 and Dominic Nelson , 734-957-6337 Keller Williams Ann Arbor Mrkt , 734-995-9400.

Property Type

Multi-Family
Lot/Acreage
0.06

Year Built

1910

County

Washtenaw

 Neighborhood

Old Fourth Ward

 School District

Ann Arbor

Listing ID

26041953

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Basement:Full

Exterior Features

Lot:Level,Sidewalk
Garage Capacity:4
Parking Features:Aggregate,Driveway,Unpaved
Principal Interest
$1,600
Taxes
$589

Home Price

$720,000

Loan Details

30 yrs
%

Down Payment

20%
$144,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,600.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,600.00 $588.50 $0.00 $2,188.50
Yearly $19,200.00 $7,062.00 $0.00 $26,262.00
Total $576,000.00 $211,860.00 $0.00 $787,860.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Ann Arbor, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.