1525 Bacon Avenue Active Save Request In-Person Tour Request Virtual Tour
Portage,MI 49002
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