Homes for sale - 6301 FRANK N DOT, Lansing, MI 48917 2400

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Christopher Parker

christopher@reconrealestate.net +1(989) 214-1038

$740,000

Est. payment - /mo

12 Baths

7,542 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,542 sqft

Price per Sqft $98

Subdivision Mi

MLS Listing ID 60373699

Style 2 Story

Full Baths 7

Half Baths 5

Year Built 1972

Annual Tax Amount $9,534

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions 150x150

Property Sub-Type Multi-Family

Property Description

SHOWINGS MARCH THURSDAY, MARCH 13TH BETWEEN 10 AM AND 1 PM. 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.

Location

State MI

County Eaton

Area Delta Twp (23006)

Zoning Multi-Family

Rooms

Basement Partially Finished

Interior

Heating Baseboard, Hot Water

Fireplace No

Building

Story 2 Story

Foundation Basement

Water Public Water

Schools

School District Grand Ledge Public Schools

Others

Ownership Private

Energy Description Natural Gas

Financing Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

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

Listed by Greater Development LLC

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Christopher Parker

+1(989) 214-1038

Broker Associate | License ID: 164141; 6506049280

Broker Associate License ID: 164141; 6506049280

6301 FRANK N DOT Lansing, MI 48917 2400

Christopher Parker

Key Details

Location

Rooms

Interior

Building

Schools

Others

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