2091 State St Superior, WI 54880-8125
This exceptional investment property, situated on a sizable 0.61-acre corner lot in the heart of Oliver, Superior, Wisconsin, presents a rare opportunity for savvy investors. The property features a main storage building comprising twelve individual units, eight measuring 10'x10' and four measuring 5'x10'. All units are currently leased on a month-to-month basis, offering immediate cash flow and flexibility. Adding to the income potential, a two-car garage has been cleverly subdivided to create two additional rental spaces. Further enhancing the property's income-generating capabilities is a 20'x10' metal storage container, also available for lease. Currently generating $950 per month in rental income at existing rates, a market analysis suggests significant potential for increased revenue through adjustments to rental pricing. The property's low-maintenance design and established tenant base make it an ideal "plug-and-play" investment, requiring minimal effort to manage and maximize returns. The property's prime location and diverse rental options ensure a strong and stable income stream. This is a turnkey investment ready for immediate income generation. Don't miss this chance to acquire a profitable and easily managed commercial property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.