MI > Portage
Portage, MI 49002,1525 Bacon Avenue
Portage, MI 49002,1525 Bacon Avenue
Portage, MI 49002,1525 Bacon Avenue
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$4,650,000
Est. payment /mo
9.84 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Portage City

MLS Listing ID 25012313

Year Built 1978

Annual Tax Amount $76,323

Tax Year 2024

Lot Size 9.840 Acres

Acres 9.84

Property Sub-Type 5+ Units

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 Greater Kalamazoo - K

Direction US 131 to D Ave, head South to Bacon Ave and West to Lakewood Apartments

Rooms

Basement Slab

Interior

Interior Features Broadband

Heating Hot Water, Radiant

Fireplaces Number 3

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Total Parking Spaces 72

Building

Sewer Public Sewer

Structure Type Wood Siding

New Construction No

Schools

School District Portage

Others

Tax ID 10-00027-197-O

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by MOXIE Real Estate + Development

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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REVIEWS

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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