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Listed by Megan Wilson • RE/MAX Results
$ 369,000
Est. payment /mo
New
1028 Banks Ave Superior, WI 54880
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality SUPERIOR
MLS Listing ID 6122572
Year Built 1914
Annual Tax Amount $3,440
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
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
Building
Dwelling Type 2 Story
Story 2
New Construction N
Schools
School District Superior
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