Portage, MI 49002 1525 Bacon Avenue
$4,650,000
36 more
Presented By: Daniel Kolp at MOXIE Real Estate + Development - (616) 890-7794
Home Details
MOXIE Real Estate + Development is pleased to exclusively offer Lakewood Apartments for sale. This well-maintained property boasts an attractive unit mix with the majority of units already renovated, offering a blend of stability and potential for continued growth. With substantial capital improvements, the property is primed for long-term success. Key features include: renovated Units, additional revenue stream by implementing RUBS/utility bill back program and renting storage the lockers. Rents are well below market. With almost 10 acers, there is a future development opportunity, with a possibility of incentives for future expansion. Lakewood Apartments represents a solid investment opportunity with significant upside potential. For more information, please contact MOXIE.
Presented By: Daniel Kolp at MOXIE Real Estate + Development - (616) 890-7794
Interior Features for 1525 Bacon Avenue
Bathrooms
Total Baths
Other Interior Features
BasementSlab
Basement (Y/N)No
Heating Y/NYes
Interior AmenitiesBroadband
Total Fireplaces3
General for 1525 Bacon Avenue
Additional Parcels Y/NNo
CityPortage
Construction MaterialsWood Siding
CountyKalamazoo
DirectionsUS 131 to D Ave, head South to Bacon Ave and West to Lakewood Apartments
Electric On Property Y/NNo
HeatingHot Water, Radiant
High School DistrictPortage
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSEC 27-3-11 COM SE COR SEC 27, TH W 200 FT ALG S LI SD SEC TO PL OF BEG, TH CONT W ALG SD S LI 365.24 FT, TH N 200 FT, TH W PAR S SEC LI 34 FT, TH N 0 DEG 17 MIN 40 SEC E 100 FT, TH W PAR S SEC LI 16 FT, TH
Listing TermsCash, Conventional
Lot Size Square Feet428630.0
Lot Size UnitsAcres
MLS AreaGreater Kalamazoo - K
MLS Area MinorGreater Kalamazoo - K
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-01T08:09:34Z
New ConstructionNo
Number Of Units Total48
OwnerPaysTrash Collection, Water, Gas
PossessionClose Of Escrow
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount76323.88
Tax Assessed Value1124600
Tax Year2024
Tenant PaysElectric
TownshipPortage City
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Waterfront Y/NNo
Year Built1978
Zoning DescriptionRM-1
Exterior for 1525 Bacon Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres9.84
Lot Size Area9.84
Number of Buildings3
Open Parking Y/NNo
SpaNo
Total Parking72.0
Additional Details
Price History
Melissa Robinson
Broker
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