For Sale: Cosmos MLS# 7045801
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
100% occupied, cash-flowing, investor opportunity in the community of Cosmos. Located 1 hour from Saint Cloud, this property offers 4 rental units: three 1 bed, 1 bath units along with a 2 bed, 1 bath unit upstairs. Potential space downstairs in former bar/restaurant and potential laundromat income as well. Priced at 9.7% cap rate.
Financial Remarks
Units
Listing
Listing Status:
Active
Contingency:
None
List Price:
$390,000
Property Type:
Commercial
City:
Cosmos
Garage Spaces:
0
County:
Meeker
Year Built:
1915
State:
MN
Property Style:
2 Stories
Zip Code:
56228
Subdivision Name:
Lietzaus 1st Add
Interior
Bedrooms:
0
Bathrooms:
0
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
3,200 ft2
Handicap Accessible:
Wheelchair Ramp(s)
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Lot & Land
Acres:
0.195
Geolocation:
44.934623, -94.696228
Inclusions:
Building, Other
Lot Dimensions:
0
Zoning:
Business/Commercial
Schools
School District:
1135
District Phone:
3208572271
Expenses
Annual Trash Expense:
$480
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,190
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$1,190
Income
Annual Gross Income:
$39,540
Rent
Annual Net Income:
$37,870
Units
Total Units:
4
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Ferndale Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.