Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Superior MLS# 7160540

My notes for this property


Add listing to my favorites (required)
Active Contingent NEW!
$239,900
/mo Edit
Multi-family:  Duplex Side by Side
7 br • 4 ba • Built 1890
2,472 sqft • 0.161 acres
Superior schools
MLS# 7160540
763-576-8286
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask the Agent℠

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    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.

    Listing

    Listing Status: Active Contingent
    Contingency: Inspection
    List Price: $239,900
    Price per sq ft: $97
    Property Type: Multi-family
    City: Superior
    Garage Spaces: 0
    County: Douglas
    Year Built: 1890
    State: WI
    Property Style: Duplex Side by Side
    Zip Code: 54880
    Subdivision Name: South Superior La Belle Div Place

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 2,472 ft2
    Living Area: 2,472 ft2
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,092 ft2
    Foundation Dimensions: 26x42
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Other
    Exterior Material: Frame

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.161
    Geolocation: 46.670592, -92.106256
    Lot Dimensions: 50 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 5663
    District Phone: 7153948710

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,639
    Annual Fuel Expense: $2,395
    Annual Insurance Expense: None
    Annual Maintenance Expense: $21,210
    Annual Trash Expense: $516
    Annual Water/Sewer Expense: $1,381
    Tenant Expenses: Electricity, Fuel, Sewer, Trash Collection, Water

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,965
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,965

    Income

    Annual Gross Income: $35,385
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $3,511

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: SW L&P

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

    Apply Online     Contact Eric     Subscribe to My Newsletter    

    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.