31
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$375,000
Est. payment /mo
2 Baths
1,932 SqFt
New
1318 WAYBURN Street Grosse Pointe, MI 48230 1071
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,932 sqft
Price per Sqft $194
Subdivision Mi
MLS Listing ID 60380708
Style 2 Story
Full Baths 2
Year Built 1924
Annual Tax Amount $6,907
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 34.80 x 101.50
Property Sub-Type Multi-Family
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 Grosse Pointe Park (82336)
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Vinyl Siding
Amenities Available Laundry Facility
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Structure Type Vinyl Siding
Schools
School District Grosse Pointe Public Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
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Listed by Jim Saros Real Estate Services