1243 Lakepointe Street, Grosse Pointe Park, MI 48236

Property Description

Rare opportunity offering the best of both worlds, this exceptional property features an impressive 2,219 square foot, 4 bedroom, 2 bath owner's residence occupying the second and third floors along with a spacious 3 bedroom first floor apartment providing an excellent opportunity for rental income to help offset your monthly housing expenses. Enjoy the space, privacy and comfort of a single family home while benefiting from an income producing property. Unlike purchasing a comparable single family residence, this unique opportunity allows you to have rental income working to reduce your overall cost of ownership. The beautifully renovated owner's suite features a high end, open concept kitchen, spacious primary bedroom with adjoining sitting room, generous living and dining areas and a remodeled bathroom. Ideally located just steps from Grosse Pointe Park's revitalized Kercheval business district, with its outstanding restaurants, cafés and boutique shops and just a short walk to both Windmill Pointe Park and Patterson Park. Extensive improvements include remodeled kitchens and bathrooms in both units, mini split HVAC system on the second and third floors, replacement windows, updated electrical panels, plumbing and electrical improvements, two high efficiency water heaters, updated flooring and fresh interior paint. Additional features include a detached 2 car garage, driveway parking for three or more vehicles, covered front porches, decorative landscaping and a shared basement recreation and laundry area with separate washers and dryers for each unit. An exceptional opportunity to enjoy the lifestyle of a spacious single family home while letting rental income help pay for it; all in one of Grosse Pointe Park's most desirable locations.