Homes for sale - 1525 Bacon Avenue, Portage, MI 49002

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Richard Stewart

richard@2693457000.com +1(269) 345-7000

$ 4,650,000

Est. payment | -/mo

9.84 Acres Lot

Save

$ 4,650,000

Est. payment | -/mo

Save

9.84 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Portage City

MLS Listing ID 25012313

Year Built 1978

Annual Tax Amount $76,323

Tax Year 2024

Lot Size 9.840 Acres

Acres 9.84

Property Sub-Type 5+ Units

Property Description

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.

Location

State MI

County Kalamazoo

Area Greater Kalamazoo - K

Direction US 131 to D Ave, head South to Bacon Ave and West to Lakewood Apartments

Rooms

Basement Slab

Interior

Interior Features Broadband

Heating Hot Water, Radiant

Fireplaces Number 3

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Total Parking Spaces 72

Building

Sewer Public Sewer

Structure Type Wood Siding

New Construction No

Schools

School District Portage

Others

Tax ID 10-00027-197-O

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by MOXIE Real Estate + Development

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 345-7000

richard@2693457000.com

828 Portage St, Kalamazoo, MI, 49001, United States

1525 Bacon Avenue Portage, MI 49002