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Jenn Smart

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518 N Division , Ann Arbor, MI 48104
$720,000
Est. Payment: $3,752.02/mo
0 Bed
0 Bath
0 Sqft
Status: pending | Days on site: 4
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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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.

Highlights

Listed by Kiara Nelson , (734) 732-3844 and Dominic Nelson , (734) 957-6337 Keller Williams Ann Arbor Mrkt , (734) 995-9400. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

1910

County

Washtenaw

Area

Ann Arbor (81021)

School District

Ann Arbor Public Schools

Listing ID

70551614

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Sidewalks
Lot Dimensions:40 x 66
Principal Interest
$3,752
Taxes
$589

Home Price

$720,000

Loan Details

30 yrs
6.792%

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:
$3,752.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,752.02 $588.50 $0.00 $4,340.52
Yearly $45,024.24 $7,062.00 $0.00 $52,086.24
Total $1,350,727.25 $211,860.00 $0.00 $1,562,587.25
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So-Crates Johnson
Dust, Wind, Dude
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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.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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Data last updated: 2026-09-02T01:10:54.300Z

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