1028 Banks Avenue, Superior, WI
$295,000
3
Beds
4
Baths
2,260
Square feet
0.09
Acres
About 1028 Banks Avenue
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!
Features of 1028 Banks Avenue
| MLS® # | 7094353 |
|---|---|
| Price | $295,000 |
| Bedrooms | 3 |
| Bathrooms | 4.00 |
| Square Footage | 2,260 |
| Finished SQFT | 2,260 |
| Acres | 0.09 |
| Year Built | 1914 |
| Type | Single Family |
| Sub-Type | Other |
| Status | Pending |
| Contingency Type | None |
Community Information
| Address | 1028 Banks Avenue |
|---|---|
| Subdivision | West Superior 01 Div |
| City | Superior |
| County | Douglas |
| State | WI |
| Zip Code | 54880 |
Amenities
| Parking | Gravel, Concrete, Other |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Water |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior Features | Vinyl |
|---|---|
| Construction | Frame |
School Information
| District | Superior |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $3,511 |
| Tax Year | 2024 |
| Office | RE/MAX Results Duluth |
Listing Details
| Office | RE/MAX Results Duluth |
|---|