The Frank N Dot Apartments consist of seven units (five townhomes) in Waverly, a superb in the Delta Township neighborhood of Lansing, MI. The property comprises two one-bedroom apartments (600 square feet) and five two-bedroom, one-and-a-half bath townhomes + basements (1,200 square feet). With a full occupancy rate, this investment opportunity brings in a solid $8,878 per month, promising a lucrative return on investment. All seven units are in one building, which was built in 1972 and completely renovated in 2023. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 10 parking spaces for the seven units. The units are separately metered for electricity, which the tenant puts in their name. The heat is supplied through baseboard electric heat, so the tenant also pays for heat. The landlord pays for water, sewer, and trash, but can bill this back to the tenants under the current lease. Most properties in the area bill back for these utilities, so there is an opportunity to increase value through collecting RUBS. The current owner has invested significant capital 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, and updated bathrooms with new vanities and tubs. The basements have been refinished and are extremely clean, with their own washer and dryer and hot water tank. Each unit has its own private basement, except for unit seven.