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MLS® ID: 5192731

1 S Comet Street

Cosmos, Minnesota, 56228

$379,000 Active
  • 840 SQFT
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.
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Listing courtesy of Ferndale Realty

Amenities

  • Zip
    56228
  • Office name
    Ferndale Realty
  • SQFT
    840
  • Property type
    Commercial
  • Zoning type
    Residential-Multi-Family
  • School district
    2396 - A.C.G.C.
  • Year built
    1985
  • Lot size
    Corner Lot
  • Sewer
    City Sewer/Connected
  • Heating
    Other
  • Tax year
    2018
  • Agent name
    Shawn Murphy
  • Tax amount
    $ 2668.0
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    26336
  • Agent ID
    502043234

Location

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