For Sale: Superior MLS# 7160669
Active
NEW!
$399,900
Multi-family: Fourplex
8 br • 4 ba • Built 1890
4,030 sqft • 0.186 acres
Superior schools
MLS# 7160669
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Property Description
Fully leased four-unit investment opportunity in Superior! This 4-plex offers four 2 bedroom, 1 bath units ranging from about 740 to 870 sq ft, bringing in a combined $4, 025/month ($48, 300/year). A uniform unit mix makes for simple management and broad tenant appeal. The building has hot water heat, shared laundry, off-street parking for 4 vehicles, and city water and sewer on a 60 x 136 lot. Built in 1890, it’s a great fit for an investor looking to add doors to their portfolio. Owner pays water, sewer and gas. Tenant pays electric and garbage. Could be a great opportunity for owner occupant! Call today for more information and financials.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,900
Price per sq ft:
$99
Property Type:
Multi-family
City:
Superior
Garage Spaces:
0
County:
Douglas
Year Built:
1890
State:
WI
Property Style:
Fourplex
Zip Code:
54880
Subdivision Name:
Plat 5400
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
4,030 ft2
Living Area:
4,030 ft2
Basement Details:
- Block
- Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
2,016 ft2
Foundation Dimensions:
36x56
Handicap Accessible:
None
Heating System:
Hot Water
Exterior Material:
Frame
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.186
Geolocation:
46.716579, -92.070758
Lot Dimensions:
60 x 136
Zoning:
Residential-Multi-Family
Schools
School District:
5663
District Phone:
7153948710
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$3,498
Annual Fuel Expense:
$3,208
Annual Insurance Expense:
None
Annual Maintenance Expense:
$6,520
Annual Trash Expense:
$516
Annual Water/Sewer Expense:
$2,314
Tenant Expenses:
Electricity, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,220
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,220
Income
Annual Gross Income:
$48,815
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$25,737
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
SW L&P
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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!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.