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.
For sale
$4,650,000
1525 Bacon Ave, Portage, MI 49002
3beds
2baths
1,197sqft
Est.:
5+ Units
Built in 1978
-- sqft lot
$-- Zestimate®
$3,885/sqft
$-- HOA
What's special
Attractive unit mixRenovated units
- 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#: 25012313

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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