1 S Comet St, Cosmos, 56228

Commercial - Apartments/Multi Family For Sale in Andersons Re-Arrangement/Outlo


MLS® #: 5192731
Active, 85 Days on Market

Welcome to Cosmos Mobile Home Park! This beautiful park features 17 pads and 2 self-storage units along with a compliant storm shelter all on 2.6 acres on two parcels. 16 of the homes are tenant owned with one being park owned. All utilities are separately metered making expenses low. Park on city sewer and water. Updated PVC sewage pipes. Contracts in place for plowing and mowing, perfect for an absentee owner. Current lot rent is 195 a month, 204 in July. Park is close to Hutch and Litchfield and has highway frontage on State HWY 7. 100% occupied. Priced at a very attractive cap rate of 10.85%. NOI does not include contracts on 5 homes over the next 36 - 50 months worth around 50K. Owner also selling MLS 5149197.

Essential Information

MLS® #: 5192731
Price: $379,000
Square Footage: 840
Acres: 2.60
Year Built: 1985
Type: Commercial
Sub-Type: Apartments/Multi Family
Style: Apartments/Multi Family
Status: Active

Community Information

Address: 1 S Comet St
Subdivision: Andersons Re-Arrangement/Outlo
City: Cosmos
County: Meeker
State: MN
Zip Code: 56228


Garages: Uncovered/Open


Heating: Other


Exterior: Metal
Lot Description: Corner Lot
Foundation: 1

School Information

District: 2396 - A.C.G.C.

Additional Information

Date Listed: February 26th, 2019
Days on Market: 85
Zoning: Residential-Multi-Family
Current Use: Residential

Listing Details

Listing Office: Ferndale Realty


$/SqFt: $451

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on May 22nd, 2019 at 5:35am CDT.