Delta Twp, MI 48917,6301 FRANK N DOT
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Luke Boyea

Luke Boyea

Motus Real Estate brokered by Real Brokerage

+1(231) 818-9328
$ 740,000
Est. payment | /mo

7 Beds

9.5 Baths

7,542 SqFt


Save
$ 740,000
Est. payment | /mo
Save

7 Beds

9.5 Baths

7,542 SqFt

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Pending

Purchase Type For Sale

Square Footage 7,542 sqft

Price per Sqft $98

Subdivision Frank'N Dot Meadows No 1

MLS Listing ID 20250013649

Style Colonial

Bedrooms 7

Full Baths 7

Half Baths 5

Originating Board Realcomp II Ltd

Year Built 1972

Annual Tax Amount $9,534

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions 150x150

Property Sub-Type Colonial

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

Zoning Multi-Family

Direction Lansing

Rooms

Basement Interior Entry, Partially Finished

Interior

Heating Baseboard, Hot Water, Separate Meters

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 14.0

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Shingle Siding

Schools

School District Grand Ledge

Others

Pets Allowed Yes

Tax ID 04004870032000

Ownership Short Sale - No,Private Owned

Acceptable Financing Conventional

Rebuilt Year 2023

Listing Terms Conventional

Financing Conventional

Realcomp MLS
Listed by Brady Williams of Greater Development LLC

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agent
Luke Boyea

Agent | License ID: 404566

+1(231) 818-9328

164 Indusco Ct., Troy, MI, 48083

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6301 FRANK N DOT