MLS® ID: 5192731
1 S Comet Street
Cosmos, Minnesota, 56228 $379,000
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.