1028 Banks Avenue, Superior, WI 54880
- $329,000
- 3
- BD
- 4
- BA
- 2,260
- SqFt
- List Price
- $329,000
- MLS#
- 7094353
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Other
- Bedrooms
- 3
- Bathrooms
- 4
- Living Area
- 2,260
- Acres
- 0.09
- Subdivision
- West Superior 01 Div
- Year Built
- 1914
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 $3,935 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!
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Additional Information
- School District
- Superior
- Tax Year
- 2024
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Heating
- Hot Water
- Water
- City Water/Connected
- Basement
- Full
- Parking
- Gravel, Concrete, Other
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Listing courtesy of RE/MAX Results Duluth.
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