• 715-571-3510

Learn more about this property

    110 S STATE STREET Merrill WI 54452
    $ 494,900.00

    1
    2
    • MLS #: 22233640
    • Date added: 08/16/23
    • Post Updated: 2023-09-09 05:46:04
    • Type:
    • Status:
    • Lot Size: 0x0
    • Year built: 1895

    Description

    Attention investors, looking to grow your portfolio – this 8-plex offers 6,576 sq ft with (4) 1-bedroom units, (4) 2-bedroom units (square footages per unit are approximate), a detached 8-car garage with paved parking / gravel lot (2 parking spots per unit – 1 garage spot & 1 exterior spot), seated on a large 0.85 acre lot. Potential opportunity to add more units in the unfinished attic area – huge unfinished space – opportunity to add equity. Great location near downtown Merrill, close to interstate access, and along the paved walking trail along the Wisconsin River. Gross rents are just shy of $5k per month / approx. $59k annually. All units include a refrigerator & range. Some units have been updated with fresh paint / vinyl plank flooring, others offer the opportunity to modernize & yield higher rents. Tenants pay for electricity (separate meters). Clean, walk-out basement with common coin-operated laundry. Roof shingles (approx. 2017). Interior unit photos available in associated documents. Call for more information!

    Rooms&Units Description

    • Number of Units: 8
    • Unit 1 Bd: 1
    • Unit 1 Bth: 1
    • Unit 1 Ref/Rg: Y
    • Unit 1 Rent: 450
    • Unit 1 Lease: Y
    • Unit 1 Sq Ft: 700
    • Unit 2 Bd: 1
    • Unit 2 Bth: 1
    • Unit 2 Ref/Rg: Y
    • Unit 2 Rent: 495
    • Unit 2 Lease: Y
    • Unit 2 Sq Ft: 700
    • Unit 3 Bd: 1
    • Unit 3 Bth: 1
    • Unit 3 Ref/Rg: Y
    • Unit 3 Rent: 650
    • Unit 3 Lease: Y
    • Unit 3 Sq Ft: 700
    • Unit 4 Bd: 1
    • Unit 4 Bth: 1
    • Unit 4 Ref/Rg: Y
    • Unit 4 Rent: 450
    • Unit 4 Lease: Y
    • Unit 4 Sq Ft: 700
    • Unit 5 Bd: 2
    • Unit 5 Bth: 1
    • Unit 5 Ref/Rg: Y
    • Unit 5 Rent: 695
    • Unit 5 Lease: Y
    • Unit 5 Sq Ft: 800
    • Unit 6 Bd: 2
    • Unit 6 Bth: 1
    • Unit 6 Ref/Rg: Y
    • Unit 6 Rent: 750
    • Unit 6 Lease: Y
    • Unit 6 Sq Ft: 800
    • Unit 7 Bd: 2
    • Unit 7 Bth: 1
    • Unit 7 Ref/Rg: Y
    • Unit 7 Rent: 695
    • Unit 7 Lease: Y
    • Unit 7 Sq Ft: 800
    • Unit 8 Bd: 2
    • Unit 8 Bth: 1
    • Unit 8 Ref/Rg: Y
    • Unit 8 Rent: 795
    • Unit 8 Lease: Y
    • Unit 8 Sq Ft: 1200
    • Util Rm: Y

    Location Details

    • Municipality: Merrill, City of
    • County: Lincoln County
    • Directions: Cty Rd Q to State on Left
    • Area Desc: Merrill
    • ZONING: Commercial

    Property Details

    • Below Grade Fin Sq Ft: 1224
    • BelowGrade UNFINISHED Sqf: 2616
    • Above Grade Fin Sq Ft: 5352
    • CONSTRUCTION: Vinyl
    • Acreage: .85
    • Sale/Rent: For Sale
    • Annual Rent: $59,760
    • Age: 128
    • Home Warranty Included: No
    • Present Use: Rental

    Property Features

    • APPLIANCES: Refrigerator,Range
    • Style: 2 Story
    • ROOF: Shingle
    • BASEMENT: Laundry Facilities,Walk Out/Outer Door
    • Basement: Yes
    • HEAT TYPE: Hot Water
    • FUEL TYPE: Natural Gas
    • GAS: Master Meter
    • ELECTRICITY: Separate Meter
    • Parking: Gravel,Off Street
    • GARAGE TYPE: Common Garage,Detached
    • Garage Capacity: 8 or More
    • Utilities - Water: Y
    • WATER HEATER: Natural Gas
    • Waterfront: No
    • UTILITY/LAUNDRY: Coin-Op Dryer,Coin-Op Washer,Common Laundry Area
    • Sewer/Water: Pb Sewer/Pb Water
    • PATIO/DECK: Porch
    • Utilities - Sep Ht: Y
    • Utilities-Heat Included: Y
    • Utilities - Sep Elec: Y
    • Utilities - Elec Included: Y
    • Utilities- Water Included: Y
    • Utilites - Sewer Included: Y
    • Utilities - Sewer: Y

    Fees&Taxes

    • Tax Amount: $ 0.00
    • Tax Year: 2022

    Courtesy of

    • Office Name: COLDWELL BANKER ACTION
    • Contact: Main: 715-359-0521
    To top