249 S Milky Way Street, Cosmos, MN 56228 (MLS# 7045801)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1915
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 3200
For Sale or Lease: For Sale
Acres: 0.19
Assessment Pending: Unknown
Other Parking Spaces: 0
Lot Dimensions: No
Garage Stalls: 0

Property Features

Accessible: Wheelchair Ramp CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Residential Exterior: Wood Foundation: None Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Lock Box Type: Combo On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Trash Collection Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 310000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 249
Street Direction Prefix: S
Street Name: Milky Way
Street Suffix: Street
Postal City: Cosmos
County: Meeker
State: MN
Zip Code: 56228
Complex/Dev/Subdivision: Lietzaus 1st Add

Assessments

Tax With Assessments: 1190
Assessment Balance: 0

Building Information

Building Finished SqFt: 3200

More Information

Income and Expenses

Annual Gross Expenses: 1670
Annual Gross Income: 39540
Annual Net Income: 37870
Annual Trash Expense: 480

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Other

Unit 1

No. of 1 Bedroom Units: 3

Unit 2

No. of 2 Bedroom Units: Yes

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LIETZAU'S 1ST ADDN & LT 16
Listing City: Cosmos
Map Page: 999
Municipality: Cosmos
School District: A.C.G.C.
School District Phone: 320-857-2271
Zip Plus 4: 5162
Property ID Number: 210215000
Tax Year: 2025
Tax Amount: 1190
In Foreclosure?: Not disclosed
Potential Short Sale?: Not disclosed
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: 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.
Directions: MN Hwy 7 to Hwy 4 south to property

Accessible

Wheelchair Ramp: Yes

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

None: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Owner Pays

Trash Collection: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Mixed Use: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

249 S Milky Way Street, Cosmos, MN 56228

Overview

Description

Listing Details MLS# 7045801