$350,000

1028 Banks Avenue, Superior, WI 54880

  • 2,260 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1914
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $155/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Fully leased 5-plex in a prime Superior location! Situated on the corner of Banks Avenue and N 11th Street, this solid, well-maintained property features three 1-bedroom units and two studio apartments. The building offers a full poured-concrete basement and strong rental history. Several units have been updated, with opportunity to add value as others turn over. Per the seller, the Weil-McLain boiler and heating components have been upgraded, and the roof has been recently replaced. Currently generating approximately $4,055 per month in rental income with average monthly expenses of about $960 (utilities, taxes, and insurance) — this is a great opportunity for steady cash flow and continued equity growth

Listing Status:
Active
Listing Office:
RE/MAX Results Duluth : 218-722-2810
MLS ID:
6807647
  • Basement: FullConcrete
  • Heating: Hot Water
  • Parking: Other
  • General: Two
  • Originating MLS: northstar
  • School District: Superior
  • County: Douglas
  • Zoning: 068060022300
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of RE/MAX Results Duluth

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cooper Elementary School

1807 Missouri Ave, Superior, WI, 54880

Grades PK-5

1.00 miles away

S

Superior Middle School

3626 Hammond Ave, Superior, WI, 54880

Grades 6-8

2.12 miles away

S

Superior High School

2600 Catlin Ave, Superior, WI, 54880

Grades 9-12

1.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.