NOT LISTED FOR SALE

505 Broadway Ave S Cokato, MN 55321

6 Beds
4 Baths
4,436 Sq Ft
0.28 Acres

Last Sold October 27, 2023

Last sale price $270,000 $61 Per Sq Ft

12 Days on Market

Highlights

  • Forced Air Heating System
  • Coin Laundry
  • 1-minute walk to Peterson Park
  • Dassel-Cokato Senior High School Rated 9+

About This Home

As of October 2023

Investment opportunity in downtown Cokato! 4 plex fully occupied. Located downtown easy access to local shops and amenities. This building has 2 units on ground level and 2 units upper level. 2 units have 2 bedrooms and 1 bath and the other 2 units have 1 bedroom and 1 bath. Each unit consists of bedroom(s), full bath, kitchen and living room. Appliances in each unit include fridge and stove. Coin-op laundry in building. Each unit has a one stall garage and also a storage unit in basement.

Last Agent to Sell the Property

Barbara Mengelkoch

Kg Realty Listed on: 10/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,234

Year Built

  • Built in 1900

Lot Details

  • 0.28

Parking

  • 4 Car Garage
  • Parking Lot

Home Design

  • Quadruplex
  • Steel Siding
  • Vinyl Siding

Interior Spaces

  • 4,436 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Block Basement Construction
  • Stone or Rock in Basement
  • Basement Storage

Additional Features

  • Lot Dimensions are 50x246
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 105028000050

Community Details

Overview

  • 4 Units
  • Petersons Sub Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,234

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 4436
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Storage/Locker, Stone/Rock, Unfinished
  • Living Area: 4436
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Number Of Fireplaces: 0
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Block,Stone

Garage/Parking

  • Parking Features: Detached, Parking Lot

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

  • Junior High Dist: Dassel-Cokato
  • SchoolDistrictPhone: 320-286-4100

Lot Info

  • Lot Size: 50x246
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding, Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 105028000050
  • Tax Annual Amount: 3234
  • TaxWithAssessments: 3234.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: One Per Unit
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $270,000 -3.2% $61 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/01/2023 10/01/23 For Sale $279,000 -- $63 / Sq Ft
Source: NorthstarMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,818 $242,000 $43,700 $198,300
2024 $2,982 $220,400 $44,400 $176,000
2023 $3,234 $194,200 $33,500 $160,700
2022 $3,420 $188,300 $33,500 $154,800
2021 $3,390 $187,500 $37,000 $150,500
2020 $3,290 $181,800 $37,000 $144,800
2019 $3,370 $171,900 $0 $0
2018 $3,028 $169,900 $0 $0
2017 $2,808 $162,500 $0 $0
2016 $2,704 $0 $0 $0
2015 $2,694 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6436414

NorthstarMLS