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1028 Banks AVE Superior, WI 54880
2,260 SqFt
UPDATED:
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 $163
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
Listed by Megan Wilson • RE/MAX Results Duluth
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