Grosse Pointe Park, MI 48230,1322-1324 Wayburn Street

$315,000

$325,000

3.1%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

1,920 SqFt


SOLD DATE : 02/14/2024

Key Details

Sold Price $315,000

Property Type Multi-Family

Sub Type Colonial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $164

Subdivision Alter Heights Sub

MLS Listing ID 20230084249

Sold Date 02/14/24

Style Colonial

Bedrooms 2

Full Baths 2

Originating Board Realcomp II Ltd

Year Built 1924

Annual Tax Amount $6,670

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 34.00 x 101.50

Property Description

Nestled between Grosse Pointe Park's two busiest streets for dining/nightlife, Charlevoix and Kercheval, this fully renovated two-family building emerges as a superior investment opportunity. This Upper/Lower Flat building caters to either owner-occupants seeking to have a part of their monthly mortgage paid for or shrewd investors seeking steady returns. Nothing has been left untouched in this building, both mechanically and cosmetically; this owner is truly meticulous! Cosmetically, there is nothing left to do: renovated kitchens with new cabinets, stone surfaces, subway tile backsplash, and new appliances; renovated bathrooms with new fixtures, new tile flooring, and subway tile showers; replacement light fixtures throughout; refinished hardwoods throughout; and more! Mechanically, the property is future-proofed, having seen significant updates: a brand-new central AC system (September 2023); replacement Wallside Windows throughout the entire building (with transferrable warranty); a newer tear-off composite shingle roof; GFA furnaces; updated plumbing, including a replacement PVC drain pipe "Plumbing Stack" (2023); and updated electrical. Outdoors, front and rear balconies offer relaxation spaces, and a 2-car detached garage provides utility. The basement contains individual storage spaces, complete with washer/dryer facilities for each unit. Additionally, the unfinished third-floor space is easily finished with the ability to add an additional bedroom with a minimal up-front cost (and upside in rents)! As the epitome of location, design, and enduring quality, 1322 Wayburn promises investors both substantial income and minimal upkeep.

Location

State MI

County Wayne

Area Grosse Pointe Park

Zoning Residential

Direction Head southeast. Go for 72 ft. Then 0.01 miles Turn right toward E Jefferson Ave. Go for 210 ft. Then 0.04 miles Turn right onto E Jefferson Ave. Go for 0.1 mi. Then 0.1 miles Turn right onto Alter Rd. Go for 0.6 mi. Then 0.6 miles Turn right onto Vernor Hwy E. Go for 427 ft. Then 0.08 miles Turn left. Go for 246 ft.

Rooms

Basement Unfinished, Private Storage Locker

Interior

Interior Features ENERGY STAR® Qualified Window(s)

Hot Water Natural Gas

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source Natural Gas

Exterior

Exterior Feature Lighting

Garage Spaces 4.0

Waterfront no

Roof Type Composition

Porch Balcony, Deck, Porch

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 3 Story

Structure Type Stucco,Vinyl

Schools

School District Grosse Pointe

Others

Pets Allowed Yes

Tax ID 39007130017000

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, FHA, Trade/Exchange, VA

Listing Terms Cash, Conventional, FHA, Trade/Exchange, VA

Financing Cash,Conventional,FHA,Trade/Exchange,VA

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Realcomp MLS
Listed by Jacob Davis of Jim Saros Real Estate Services
Bought with EXP Realty, LLC

GET MORE INFORMATION

JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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