1 S Comet St, Cosmos, 56228

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

$379,000

Beds
Baths
840Sqft
2.6Acres
1985Built
115DOM
MLS® #: 5240042
Active, 115 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%. Cap rate does not include contracts on 5 homes over the next 36 - 50 months worth around 50K. Seller is also selling MLS 5240070. Can be sold together or not.

Essential Information

MLS® #: 5240042
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

Amenities

Garages: Uncovered/Open

Interior

Heating: Other

Exterior

Exterior: Metal
Lot Description: Corner Lot
Foundation: 1

School Information

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

Additional Information

Date Listed: May 31st, 2019
Days on Market: 115
Zoning: Residential-Multi-Family
Current Use: Residential

Listing Details

Listing Office: Ferndale Realty

Financials

$/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 September 22nd, 2019 at 10:35pm CDT.