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!
| MLS # | 7094353 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 66 |
| Listing Provided By | RE/MAX Results Duluth | Megan L Wilson |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,260 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.09 |
| Heating | Hot Water |
|---|
| Construction Materials | Frame |
|---|
| Parking Features | Gravel, Concrete, Other |
|---|
| Property | 3511 |
|---|
| State | WI |
|---|---|
| County | Douglas |
| City | Superior |
| Zip Code | 54880 |
| Community Name | West Superior 01 Div |
| School District | 5663 |
| High School | Superior |
| Listing VS Median (in West Superior 01 Div) | |
Price: $295,000 low | high Med: $295,000 sqft: 2,260 low | high Med: 2,260 $ / sqft: $131 low | high Med: $131 On site: 66 low | high Med: 66 | |
| State | WI |
|---|---|
| County | Douglas |
| City | Superior |
| Zip Code | 54880 |
| Community Name | West Superior 01 Div |
| School District | 5663 |
| High School | Superior |
| Listing VS Median (in West Superior 01 Div) | |
Price: $295,000 low | high Med: $295,000 sqft: 2,260 low | high Med: 2,260 $ / sqft: $131 low | high Med: $131 On site: 66 low | high Med: 66 | |