1 S Comet Street is a $379,000, 840 square foot home on a 2.60 acre lot located in Cosmos, MN.
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.
Accessibility Features (Commercial) - None
|# Parking Spaces||34|
Contingency - None
MLS ID - RMLS
Owner Expense (Commercial) - Insurance
Owner Expense (Commercial) - Lawn
Owner Expense (Commercial) - Snow
Owner Expense (Commercial) - Taxes
Sale Includes (Commercial) - Building
Sale Includes (Commercial) - Leases
Tenant Expense (Commercial) - Electric
Tenant Expense (Commercial) - Fuel
Tenant Expense (Commercial) - Trash
Sale Includes (Commercial) - Land
Zoning (Commercial) - Residential - Multi Family
Tenant Expense (Commercial) - Water/Sewer
Family-Less Than 1/2 Acre
|Property Sub Type|
2396 - a.c.g.c.
Andersons Re Arrangement/Outlo
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