$720,000
Ann Arbor, MI 48104
MLS# 26041936
5 beds | 2 baths | 1100 sqft
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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, 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
Documents
Location & Property Info
Cross Streets: E Kingsley St & N. Division St
Property Sub-Type: Single Family Residence
Municipality: Ann Arbor
Subdivision: Old Fourth Ward
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 654.55
Ownership Type: Private Owned
General Property Info
New Construction: No
Lot Dimensions: 40 x 66
Road Frontage: 40
Garage Y/N: No
Fireplace: No
Total Fireplaces: 0
Waterfront: No
Income Property: Yes
Basement: Yes
Total Rooms AG: 7
Total Fin SqFt All Levels: 1100
SqFt Above Grade: 1100
Below Grade Finished SqFt: 288
Below Grade Unfinished SqFt: 300
Building Total SqFt: 1688
Total Beds Above Grade: 4
Main Level Primary: No
Stories: 2
School District: Ann Arbor
Elementary School: Bach Elementary School
High School: Pioneer High School
Middle School: Slauson Middle School
# of Outbuildings: 0
Association YN: No
Lot Measurement: Acres
Lot Acres: 0.08
Lot Square Footage: 2614
Year Built: 1910
Total Bedrooms: 5
Full Baths: 2
Total Baths: 2
Tax Info
Taxable Value: 201400
SEV: 201400
For Tax Year: 2025
Seller's Annual Property Tax: 7062
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: 0
Zoning: R4C
Tax ID #: 09-09-29-102-009
Remarks & Misc
Public Remarks: 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.
Legal: BEG PT E L DIVISION ST 48.75 FT S OF SW COR LOT 12 BLK 24 ORMSBY & PAGES ADD-TH E PAR TO KINGSLEY ST 4 RDS N 40 FT W 4 RDS S 40 FT TO POB SEC 29 T2S R6E
Waterfront Options
Water Access Y/N: No
Lot Description
Level: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Utilities Attached
Cable Connected: 1
High Speed Internet: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public: 1
Terms Available
Cash: 1
Conventional: 1
VA Loan: 1
Laundry Features
In Basement: 1
Exterior Material
Other: 1
Roofing
Asphalt: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Wall Furnace: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Upper Rooms
Upper Bedrooms: 3
Upper Full Baths: 1
Upper Level Square Feet: 550
Total Baths Above Grade: 1
Main Rooms
Main Bedrooms: 1
Main Level SQFT: 550
Lower Rooms
Lower Finished SQFT: 0
Total Lower SQFT: 0
Basement Rooms
Basement Bedrooms: 1
Basement Full Baths: 1
Basement Finished SQFT: 288
Total Basement SQFT: 588
Driveway
Aggregate: 1
Unpaved: 1
Substructure
Full: 1
Windows
Egress Window: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Water Heater
Natural Gas: 1
Fencing
Fenced Back: 1
Patio and Porch Features
Porch(es): 1
Covered: 1
Deck: 1
Flooring
Ceramic Tile: 1
Linoleum: 1
Wood: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Landscape
Garden Area: 1
Ground Cover: 1
Shrubs/Hedges: 1
Architectural Style
Victorian: 1
Possession
Close Of Escrow: 1
Home Energy Rate Sys
HERS Index Number: 3
Location Property Info
County: Washtenaw
Street #: 518
Street Direction: N
Street Name: Division
Suffix: Street
State: MI
Zip Code: 48104
Zip (4): 1136
OfficeContract Info
Status: Active
List Price: $720,000
Current Price: $720,000
Listing Date: 2026-08-11
Remarks Misc
Directions: From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St.
Property Features
Laundry Features: In Basement
Exterior Material: Other
Roofing: Asphalt
Windows: Egress Window
Substructure: Full
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public
Utilities Attached: Cable Connected; High Speed Internet; Natural Gas Connected; Phone Connected
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Heat Source: Natural Gas
Heat Type: Forced Air; Wall Furnace
Air Conditioning: Window Unit(s)
Water Heater: Natural Gas
Fencing: Fenced Back
Flooring: Ceramic Tile; Linoleum; Wood
Patio and Porch Features: Covered; Deck; Porch(es)
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Landscape: Garden Area; Ground Cover; Shrubs/Hedges
Architectural Style: Victorian
Driveway: Aggregate; Unpaved
Street Type: Paved; Public
Terms Available: Cash; Conventional; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
HERD Score 
Listing Office: Keller Williams Ann Arbor Mrkt
Listing Agent: Kiara Nelson
Last Updated: August - 15 - 2026
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