1318 WAYBURN Street Pending Save Request In-Person Tour Request Virtual Tour
Grosse Pointe,MI 48230
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Grosse Pointe Park City
MLS Listing ID 20250021770
Year Built 1924
Annual Tax Amount $6,907
Lot Size 3,484 Sqft
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
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Structure Type Vinyl Siding
Schools
School District Grosse Pointe
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan