Grosse Pointe Park, MI 48230,1318 WAYBURN Street

$375,000

Est. payment /mo
Est.Price: ?

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1318 WAYBURN Street Grosse Pointe Park, MI 48230

2 Beds

2 Baths

1,932 SqFt

SOLD DATE : 05/16/2025

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,932 sqft

Price per Sqft $194

Subdivision Alter Heights Sub

MLS Listing ID 20250021770

Style Duplex

Bedrooms 2

Full Baths 2

Year Built 1924

Annual Tax Amount $6,907

Lot Size 3,484 Sqft

Property Sub-Type Duplex

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

Zoning Multi-Family

Interior

Heating Forced Air

Cooling Central Air

Laundry 1

Exterior

Garage Spaces 4.0

Building

Foundation Basement

Sewer Sewer at Street

Water Water at Street

Structure Type Vinyl

Schools

School District Grosse Pointe

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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Realcomp MLS
Listed by James B Saros of Jim Saros Real Estate Services
Bought with EXP Realty Main
Charles Laird

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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