$4,650,000

1525 Bacon Ave Portage, MI 49002

Estimated payment $31,820/month

Total Views 11,457
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 9.84 Acre Lot
  • 3 Fireplaces
  • High Speed Internet
  • Lake Center Elementary School Rated A-
  • Hot Water Heating System
  • Wood Siding

About This Home

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.

Listing Agent

Daniel Kolp

MOXIE Real Estate + Development License #6501448312 Listed on: 03/28/2025

Co-Listing Agent

Shawn Jacobs

MOXIE Real Estate + Development License #6501370018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $76,324

Year Built

  • Built in 1978

Parking

  • 72 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Additional Features

  • 3 Fireplaces
  • 9.84 Acre Lot

Community Details

  • 3 Buildings
  • 48 Units

Listing and Financial Details

  • The owner pays for trash collection, water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$76,324

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1978
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 76323.88
  • Tax Info:Zoning3: RM-1
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 48
  • General Property Info:Total _pound_ Bldgs: 3.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Util Avail at Street:Broadband: Yes
  • Heat Type:Hot Water: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Slab: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Broadband
  • Fireplaces: 3
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 4650000.0
  • Number of Buildings: 3
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 72.0
  • General Property Info:Total Parking Spaces: 72.0

Utilities

  • Heating: Hot Water, Radiant
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 9.84
  • Lot Size Area: 9.84
  • Lot Size Sq Ft: 428630.0
  • Zoning Description: RM-1

Rental Info

  • Owner Pays: Trash Collection, Water, Gas
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 48

Tax Info

  • Tax Annual Amount: 76323.88
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $64,894 $1,223,700 $0 $0
2024 $64,894 $1,124,600 $0 $0
2023 $59,657 $1,033,200 $0 $0
2022 $65,216 $1,033,200 $0 $0
2021 $50,024 $1,035,900 $0 $0
2020 $49,047 $890,700 $0 $0
2019 $3,166 $767,900 $0 $0
2018 $0 $752,600 $0 $0
2017 $0 $728,800 $0 $0
2016 -- $591,300 $0 $0
2015 -- $612,800 $0 $0
2014 -- $609,400 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 For Sale $4,650,000 0.0% --
11/22/2023 11/22/23 Price Changed $850 0.0% $1 / Sq Ft
10/29/2023 10/29/23 Price Changed $850 -2.9% $1 / Sq Ft
10/13/2023 10/13/23 Price Changed $875 0.0% $2 / Sq Ft
09/27/2023 09/27/23 Price Changed $875 +2.9% $2 / Sq Ft
08/30/2023 08/30/23 Price Changed $850 -2.9% $1 / Sq Ft
08/17/2023 08/17/23 Price Changed $875 +2.9% $2 / Sq Ft
08/16/2023 08/16/23 Price Changed $850 0.0% $1 / Sq Ft
08/15/2023 08/15/23 Price Changed $850 0.0% $1 / Sq Ft
08/09/2023 08/09/23 Price Changed $850 -2.9% $1 / Sq Ft
08/08/2023 08/08/23 Price Changed $875 +2.9% $2 / Sq Ft
08/03/2023 08/03/23 Price Changed $850 0.0% $1 / Sq Ft
07/27/2023 07/27/23 Price Changed $850 -2.9% $1 / Sq Ft
07/08/2023 07/08/23 Price Changed $875 0.0% $2 / Sq Ft
06/24/2023 06/24/23 Price Changed $875 +2.9% $2 / Sq Ft
06/24/2023 06/24/23 Price Changed $850 0.0% $1 / Sq Ft
06/23/2023 06/23/23 Price Changed $850 -2.9% $1 / Sq Ft
06/22/2023 06/22/23 Price Changed $875 +2.9% $2 / Sq Ft
06/22/2023 06/22/23 For Rent $850 0.0% --
06/13/2023 06/13/23 For Rent $850 0.0% --
02/18/2023 02/18/23 Price Changed $850 +3.0% $1 / Sq Ft
02/08/2023 02/08/23 Price Changed $825 0.0% $1 / Sq Ft
12/31/2022 12/31/22 Price Changed $825 0.0% $1 / Sq Ft
12/18/2022 12/18/22 Price Changed $825 -2.9% $1 / Sq Ft
12/10/2022 12/10/22 Price Changed $850 0.0% $1 / Sq Ft
12/10/2022 12/10/22 For Rent $850 +3.0% --
10/05/2022 10/05/22 Price Changed $825 +5.1% $1 / Sq Ft
07/26/2022 07/26/22 Price Changed $785 +4.7% $1 / Sq Ft
06/07/2022 06/07/22 For Rent $750 0.0% --
05/26/2022 05/26/22 For Rent $750 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $3,200,000 None Listed On Document
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Deed $1,864,872 Chicago Title
Warranty Deed $1,925,000 Bell Titlle Agency
Warranty Deed -- Safe Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $2,999,000 Construction
Closed $2,999,000 Construction
Previous Owner $217,500 Credit Line Revolving
Previous Owner $760,000 Future Advance Clause Open End Mortgage
Previous Owner $606,000 Unknown
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25012313

Southwestern Michigan Association of REALTORS®

APN: 10-00027-197-O

Michigan Kalamazoo County Portage 49002

1525 Bacon Ave, Portage, MI

This home is located at 1525 Bacon Ave, Portage, MI 49002 and is currently priced at $4,650,000. This property was built in 1978. 1525 Bacon Ave is a home located in Kalamazoo County with nearby schools including Lake Center Elementary School, Portage Central Middle School, and Portage Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes
Listing Agent
Daniel Kolp
Section Image
MOXIE Real Estate + Development
(269) 612-3102