1525 Bacon Avenue, Portage, MI 49002 (MLS# 25059801)

1525 Bacon Avenue, Portage, MI 49002

$4,495,000

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

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

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

General Property Info

Lot Measurement: Acres Lot Square Footage: 428630 Lot Acres: 9.84 Lot Dimensions: na Year Built: 1978 New Construction: No Cert of Compliance: No Total # Units: 48 # of Diff Unit Floor Plans: 2 Total # Bldgs: 3 Total Parking Spaces: 72 Waterfront: No School District: Portage

Tax Info

Tax ID #: 10-00027-197-O Taxable Value: 1124600 SEV: 1124600 For Tax Year: 2024 Seller's Annual Property Tax: 76323 Tax Year: 2024 Spec Assessment & Ty: None Zoning: RM-1

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

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

Occupied: Yes

Unit 6

Occupied: Yes

Unit 7

Occupied: Yes

Unit 8

Occupied: Yes

Unit 9

Occupied: Yes

Unit 10

Occupied: Yes

Unit 11

Occupied: Yes

Unit 12

Occupied: Yes

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

1525 Bacon Avenue, Portage, MI 49002- MLS# 25059801

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