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1525 Bacon Avenue Portage MI 49002

1525-1605 Bacon Ave, Portage, MI 49002

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Overview

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

Multifamily

Secondary Uses: Low Rise

Sale Price
$4,575,000
Price Per SF
$464.9K/SF
Building Size
9.84 SF
Acres
9.847 ac
Zoning
RM-1
Building Class
B
Number of Buildings
3
Floors
2
Year Built
1978
Year Renovated
2019
Construction Siding
Brick
Construction Type
Framed
Property Status
Existing
Total Units
48
County
Kalamazoo
Created
03/31/2025
Updated
12/01/2025
Listing ID
ca535ceb
Parcel APN
00027197O

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