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$ 375,000
Est. payment /mo
New
1318 WAYBURN Street Grosse Pointe, MI 48230
2 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Grosse Pointe Park City
Subdivision Grosse Pointe Park City
MLS Listing ID 20250021770
Originating Board Realcomp
Year Built 1924
Annual Tax Amount $6,907
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 34.80 x 101.50
Property Description
West Park two-unit apartment building with a rare open-concept layout and central AC, offering strong in-place cash flow! Located in the rapidly appreciating West Park neighborhood of Grosse Pointe Park—one of Metro Detroit's most desirable rental markets—this property boasts a long list of features.The recently renovated upper apartment features an open-concept layout, a beautifully updated bathroom, a new furnace and AC unit, and a private balcony. Throughout the building, you'll find charming original details and stunning hardwood floors.Both apartments have private basements with washer/dryer hookups and ample storage. Additional highlights include a two-car garage, a new privacy fence, and a lovely backyard—perfect for pets.Owner covers water, lawn care, and snow removal, while tenants handle gas and electric. The property currently grosses $34,200 per year, with one unit rented below market value—offering potential for even higher returns!Just steps from everything West Park has to offer, including Le Rouge Coffee & Bakery, Howlers & Growlers, The Charlevoix, 313 Wine Bar, Atwater Brewery, The Bricks, and more!Access to 2 resident only waterfront parks with pool, boat wells, movie theatres, fitness center, playscapes, and much more!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction N of Alter and W of Kercheval
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Structure Type Vinyl Siding
Schools
School District Grosse Pointe
Others
Tax ID 39007130018000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Jim Saros Real Estate Services