1525-1605 Bacon Ave - Apartments FOR SALE
Portage, MI 49002 |
1525-1605 Bacon Ave
Portage, MI 49002
HIGHLIGHTS
- Attractive unit mix. Majority of the units have been renovated. The property has had substantial capital improvements with over $600k in renovations.
- Development opportunity to add additional units and increasing density. Possible TIF and brownfield funds available.
- Rents are well below market. Ownership has proved out the value add strategy and renovated a majority of the units and increased rents.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Lakewood Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
31800
STORIES
3
YEAR BUILT
1978
PARKING SPACES
80
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
10-00027-197-O
