Property Type:
Multi Family
Lot Size (sq. ft.):
428,630
Status:
Active
Current Price:
$4,495,000
List Date:
12/01/2025
Last Modified:
12/01/2025
1525 Bacon Avenue, Portage, MI 49002
$4,495,000
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.
More Information MLS# 25059801
Location & Property Info
Cross Streets: Portage Rd
Property Sub-Type: 5+ Units
Municipality: Portage City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: na
Road Frontage: 0
Cert of Compliance: No
Waterfront: No
Basement: No
Total # Units: 48
# of Diff Unit Floor Plans: 2
Total # Bldgs: 3
Total Parking Spaces: 72
School District: Portage
Lot Measurement: Acres
Lot Square Footage: 428630
Lot Acres: 9.84
Year Built: 1978
Tax Info
Taxable Value: 1124600
SEV: 1124600
For Tax Year: 2024
Seller's Annual Property Tax: 76323
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: None
Zoning: RM-1
Tax ID #: 10-00027-197-O
Remarks & Misc
Public Remarks: 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.
Waterfront Options
Water Access Y/N: No
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Hot Water: 1
Radiant: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Substructure
Slab: 1
Owner Pays
Gas: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: 1525-1
SqFt: 630
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 1525-2
SqFt: 567
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 1525-1
SqFt: 630
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 1525-2
SqFt: 567
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 6
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 7
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 8
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 9
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 10
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 11
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 12
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Possession
Close Of Escrow: 1
Location Property Info
County: Kalamazoo
Street #: 1525
Street Name: Bacon
Suffix: Avenue
State: MI
Zip Code: 49002
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Active
Current Price: $4,495,000
List Price: $4,495,000
Listing Date: 2025-11-24
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Slab
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water
Owner Pays: Gas; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Hot Water; Radiant
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office:
MOXIE Real Estate + Development
Listing Agent:
Daniel Kolp
Last Updated: December - 01 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
