Kathy FlemingReed City Realty, Inc, REALTOR®,

231-388-2454

1525 Bacon Avenue, Portage, MI 49002

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$4,650,000
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  • Bedrooms  
  • Bathrooms  
  • SQ. FT.  
  • Schools Portage
  • County Kalamazoo
  • Township Portage City
  • Above Grade Sq. Ft.  
  • Below Grade Sq. Ft.  
  • Bedrooms  
  • Bathrooms  
  • Basement Slab
  • Garage  
  • Acreage 9.84
  • Heat Type Hot Water, Radiant
  • Central Air  
  • Year Built 1978
  • Style  
  • Exterior  
  • Taxes 76323.88
  • SEV 1124600
  • Zoning RM-1
  • Parcel 10-00027-197-O
  • Lot Size 0x0

Features

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.

Directions US 131 to D Ave, head South to Bacon Ave and West to Lakewood Apartments
Listing Courtesy of Daniel Kolp - MOXIE Real Estate + Development

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