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$ 4,650,000
Est. payment /mo
Active
1525 Bacon Avenue Portage, MI 49002
9.84 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70458974
Year Built 1978
Annual Tax Amount $76,323
Tax Year 2024
Lot Size 9.840 Acres
Acres 9.84
Property Sub-Type Multi-Family
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 (39016)
Interior
Heating Hot Water, Radiant
Exterior
Exterior Feature Wood
Building
Foundation Slab
Structure Type Wood
Schools
School District Portage Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by MOXIE Real Estate + Development