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1028 Banks Avenue, Superior, WI 54880

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Listed By

Agency Name: RE/MAX Results Duluth
Agency Phone: 218-722-2810

Shown By

Agency Title: Counselor Realty
Agency Phone:

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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!

1028 Banks Avenue | MLS# 7094353

This multi-family property located at 1028 Banks Avenue, Superior, WI 54880 is currently listed for sale with an asking price of $329,000. Banks Avenue is located within the Superior school district. Search Superior real estate on www.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Heating: Hot Water
Lot Size: 0.09 Acres
Taxes: $3,511
Year Built: 1914

Feature Descriptions

Days on Site: 2
Exterior: Frame
Foundation Size: 2260
Lot Dimensions: 50x80
Parcel#: 068060022300
Parking: Gravel, Concrete, Other
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV
Units: 4
Water: City Water/Connected

Local Schools

School District: Superior

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Estimated Payment

$ 2,139.62 per month $1,751.08 Principal & Interest $292.58 Property Tax $95.96 Homeowner's Insurance

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