1525 Bacon Avenue, Portage, MI 49002 - MLS#65025012313

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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$4,650,000

Est. payment - /mo

2 Beds

9.84 Acres Lot

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65025012313

Bedrooms 2

Year Built 1978

Annual Tax Amount $76,323

Lot Size 9.840 Acres

Acres 9.84

Source Greater Regional Alliance of REALTORS®

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 Portage Twp

Zoning Light Industrial

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

Interior

Interior Features Cable Available

Heating Hot Water, Radiant

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 72.0

Roof Type Composition

Garage no

Private Pool No

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Wood

Schools

School District Portage

Others

Pets Allowed Yes

Tax ID 1000027197O

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Listed by Daniel Kolp of MOXIE Real Estate + Development

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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1525 Bacon Avenue Portage, MI 49002

Jason Miller

Key Details

Location

Interior

Exterior

Building

Schools

Others

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