6301 Frank N Dot

Lansing, Michigan 48917

  • 12 Bed(s)
  • 7.5 Bath(s)
  • 7,542 Sqft
  • 0.55
    Acre(Lot)
$740,000

Description

The frank n dot apartments consist of 7 units (5 of them are townhomes) nestled in waverly, a superb of lansing, mi. the property consists of two 1 bedroom apartments (600 sf) and five 2 bedroom 1.5 bath townhomes + basements (1,200 sf). with a full occupancy rate, this investment opportunity brings in a solid $8,878 per month, promising a lucrative return on investment.
all 7 units are in one building - which was built in 1972 and completed renovated in 2023. each unit is equipped with a window air conditioning unit, along with baseboard heat. there are 10 parking spaces for the 7 units. the units are separately metered for electric which the tenant puts in their name. the heat is supplied through baseboard electric heat - so the tenant pays for heat as well. the landlord pays for water, sewer and trash but has the ability to bill this back to the tenants under the current lease. most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting rubs. the current owner has invested significant capital back into the property renovating each unit. the upgraded units include new counters, cabinets and appliances in the kitchen. lvt planking in the kitchen, bedrooms, and bathroom. new carpet and paint in each unit. updated bathrooms with new vanities and tubs. the basements have been re-rinished and are extremely clean, with their own washer and dryer and hot water tank. each unit has its own private basement, except for unit 7.

  • Property Type

    Multifamily

  • Subdivision

    Steven & Candler Sub Block No 3

  • County

    Eaton

  • Style

    Colonial

  • AD ID

    48813514

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Property Details

  • Bathroom Information

    • Total Baths: 7.5
    • Full Baths: 7
    • Half Baths: 5

    Interior Features

    • Basement Description: Interior Entry,Partially Finished

    Heating & Cooling

    • Heating: Baseboard,Hot Water,Separate Meters
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1972
    • Building Stories: 2 Story
    • Total Units: 7
    • Foundation/Basement: Basement
    • Architecture: Colonial

    Exterior Features

    • Construction: Shingle Siding

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.55
    • Dimensions: 150x150

    Property Information

    • SQ ft: 7542
    • Subdivision: FRANK'N DOT MEADOWS NO 1
    • Financing: Conventional

  • Listing Price Information

    • Original List Price: $740,000

    Listing Information

    • Possession: At Close
    • Legal Description: LOT 32. FRANK'N DOT MEADOWS NO.1, T4N,R3W, DELTA TWP

  • Tax Information

    • Annual Tax: $9,534
    • Parcel Number: 04004870032000

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: LOT 32. FRANK'N DOT MEADOWS NO.1, T4N,R3W, DELTA TWP

  • Parking Information

    • Parking: 14

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 2

    Unit 2 Information

    • # of Bedrooms: 5

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 03/04/2025 @ 11:03

  • MLS: 623712967
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 12 bedrooms which is for sale, it has 7,542 sqft, 1 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Lansing , in zip code 48917, this Eaton County Multifamily , it is in the Steven & Candler Sub Block No 3 Subdivision, are nearby neighborhoods.