1028 Banks AVE new Save Request In-Person Tour Request Virtual Tour
Superior,WI 54880
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,260 sqft
Price per Sqft $154
Subdivision West Superior 01 Div
MLS Listing ID 6807647
Year Built 1914
Annual Tax Amount $3,441
Tax Year 2024
Contingent None
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 50x80
Property Sub-Type Other
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
Location
State WI
County Douglas
Zoning Residential-Multi-Family
Rooms
Basement Full,Concrete
Interior
Heating Hot Water
Fireplace No
Exterior
Parking Features Other
Building
Story Two
Foundation 2260
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Metal Siding
New Construction false
Schools
School District Superior