$315,000
$325,000
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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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Bought with EXP Realty, LLC
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280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States