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For sale
  • $4,650,000

    1525 Bacon Ave, Portage, MI 49002

    3beds
    2baths
    1,197sqft
    : 
    5+ Units
    Built in 1978
    -- sqft lot
    $-- Zestimate®
    $3,885/sqft
    $-- HOA

    What's special

    Attractive unit mixRenovated units
    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.
    28 days
    on Zillow
    |
    1,415
    |
    55
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 01, 2025 at 01:09am

    Listed by:

    Daniel Kolp 616-550-2684,

    MOXIE Real Estate + Development 616-890-7794,

    Shawn Jacobs 989-980-7359,

    MOXIE Real Estate + Development

    Source: MichRIC,MLS#: 25012313MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1525 Bacon Ave.

    Next available tour time:Today at 3pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Heating
    • Hot Water, Radiant
    Features
    • Basement: Slab
    • Number of fireplaces: 3
    Interior area
    • Total interior livable area: 1,197 sqft

    Property

    Parking
    • Total spaces: 72
    Lot
    • Size: 9.84 Acres
    Details
    • Parcel number: 1000027197O
    • Zoning description: RM-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Units
    Materials
    • Wood Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

    Community & HOA

    Location
    • Region: Portage

    Financial & listing details

    • Price per square foot: $3,885/sqft
    • Tax assessed value: $1,124,600
    • Annual tax amount: $76,323
    • Date on market: 3/28/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity
    • Electric utility on property: Yes
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