REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 329,000
Est. payment /mo
New
1028 Banks AVE Superior, WI 54880
3 Beds
4 Baths
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 $145
Subdivision West Superior 01 Div
MLS Listing ID 7094353
Bedrooms 3
Year Built 1914
Annual Tax Amount $3,511
Tax Year 2024
Contingent None
Lot Size 3,920 Sqft
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 $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!
Location
State WI
County Douglas
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Hot Water
Fireplace No
Exterior
Parking Features Gravel, Concrete, Other
Building
Story Two
Foundation 2260
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Superior
Listed by Megan Wilson • RE/MAX Results Duluth