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$239,900

7 Beds 4 Baths 2,472 SQFT 0.16 Acres
Type: Contingent

5701-5703 Banks Avenue
Superior, WI 54880

MLS#: 7160540
Sally Serie
Sally Serie
The Real Estate Advantage
REALTOR
Phone: 763.232.6235
Office: 952.401.8500
Presented by: RE/MAX Results

Property Description

 

Turnkey investment opportunity in Superior! This side by side duplex at 5701-5703 Banks Ave is fully leased, with both units under lease through 2027 for a combined $3,010/month ($36,120/year). The lower unit offers 4 bedrooms and 2 baths, and the upper unit features 3 bedrooms and 2 baths, rare for a duplex and a strong draw for tenants. Tenants pay electric, gas, water, sewer and trash, keeping owner expenses to a minimum. Additional highlights include low-maintenance vinyl exterior and off-street parking for 4 vehicles. A solid, low-maintenance addition to any portfolio with stable income in place from day one. Leases must be honored. Call today for financials.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,472 sqft
BasementFull
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions26x42
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
CitySuperior
Construction MaterialsFrame
ContingencyInspection
CountyDouglas
DirectionsBanks Ave and 57th St.
Electric Expense1639.11
Fuel Expense2394.6
Garage Spaces0
Gross Income35385.05
HeatingForced Air
High School DistrictSuperior
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2,472 sqft
Lot Size UnitsAcres
MaintenanceExpense21210.37
Net Operating Income3510.55
New ConstructionNo
Number Of Units Total2
Operating Expense31874.5
OwnerPaysNone
PostalCitySuperior
Property SubtypeDuplex Side by Side
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameSouth Superior La Belle Div Place
Tax Annual Amount$2,965
Tax Year2025
Tenant PaysElectricity, Fuel, Sewer, Trash Collection, Water
Trash Expense516
Water Sewer Expense1380.66
Year Built1890
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,564 sqft
Foundation Area1,092 sqft
Lot Dimensions50x140
Lot Size Area0 sqft
Parking FeaturesOther
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
High School N/A
Middle School N/A

  

Similar Properties

$239,900

7 Beds 4 Baths 2,472 SQFT 0.16 Acres
Type: Contingent

5701-5703 Banks Avenue
Superior, WI 54880

MLS#: 7160540
Sally Serie
Sally Serie
The Real Estate Advantage
REALTOR
Phone: 763.232.6235
Office: 952.401.8500