1447 Wayburn Street, Grosse Pointe Park, MI 48230

Property Description

Four-Family Investment Property for Sale in Grosse Pointe Park – Prime West Park Location Near Waterfront Parks Welcome to 1447 Wayburn, a rare West Park four-family property offering location, character, and excellent investment potential. Situated on a quiet dead-end street in the heart of Grosse Pointe Park, this well-maintained building combines historic charm with consistent rental income and long-term equity growth. Each of the four spacious one-bedroom apartments features hardwood floors, private balconies, and separate utilities. Three units are furnished (included with sale) and currently rented (2) as mid-term rentals at $1,500/month with landlord-paid utilities, while one finished and one unfurnished long-term lease is at $1,200/month with tenant-paid DTE. Easy off-street parking and well-designed floor plans enhance tenant satisfaction and retention. Showings will be available for one unit initially; additional units can be shown upon verified interest. Residents enjoy all the amenities that make Grosse Pointe Park one of Metro Detroit’s most desirable rental markets—including exclusive access to two private lakefront parks. Windmill Pointe Park features a marina, swimming pool, fitness center, playground, basketball and tennis courts, and movie theaters, while Patterson Park offers a dog park, splash pad, skating rink, kayak launch, and scenic green space for year-round recreation. The location is unbeatable: – Highly rated Grosse Pointe Public Schools – Minutes to Downtown Detroit for work or entertainment – Bikeable commute along the lakefront – Steps from West Park’s vibrant restaurants, coffee shops, and boutiques – Patterson Park also features a fenced dog park — one of the area’s most popular spots for pet owners and a true community hub. – Coming Fall 2025: the Schaap Center for the Performing Arts, bringing concerts and cultural events to the neighborhood Opportunities like this are rare—multi-family properties in Grosse Pointe Park’s West Park district are in high demand. Whether you’re an investor, owner-occupant, or short-term rental host, 1447 Wayburn offers a proven income stream, future appreciation, and access to a thriving community with small-town charm and city convenience.