Bought with THE SOLOMON GROUP
$400,000
$474,900
15.8%For more information regarding the value of a property, please contact us for a free consultation.
110 S STATE STREET Merrill, WI 54452
Key Details
Sold Price $400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality MERRILL
MLS Listing ID 22233640
Sold Date 06/17/24
Year Built 1895
Annual Tax Amount $7,033
Tax Year 2022
Property 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!
Location
State WI
County Lincoln
Zoning Commercial
Interior
Interior Features Utility Room
Heating Natural Gas
Cooling Hot Water
Equipment Refrigerator, Range/Oven
Exterior
Exterior Feature Vinyl
Parking Features 4 Car
Garage Spaces 8.0
Utilities Available Separate Electric Meters, Separate Heat, 1 Gas Meter
Roof Type Shingle
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Merrill
Middle Schools Merrill
High Schools Merrill
School District Merrill
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