Property Listing
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!
Property Information
Status: Active
Sub Type: ********
List Price: $329,000
MLS#: 7094353
Current Price: $329,000
Address: 1028 Banks Avenue, Superior, WI 54880
City: Superior
State: WI
Postal Code: 54880
Geo Lat: 46.725594
Geo Lon: -92.105138
Subdivision: West Superior 01 Div
County: Douglas
Property Description
Year Built: 1914
Lot Size SqFt: 3920.4
Gen Tax: 3511
Specials Inst: 0
High School: Superior
Square Ft. Source:
Above Grade Finished Area: 2260
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 2260
Style: Array
Total Bedrooms: 3
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: