$2,789,000

733 B St.

Ramona CA, 92065

Description

DRAMATIC PRICE REDUCTION! Sellers will guarantee 95% of collections for six months. Central heat and A/C. New roof and updated drainage will be completed by close of escrow at a cost of $60k. Individual water heaters mean owner saves money since residents pay to heat water. Tenants enjoy private balconies or private fenced patios. Adding washer/ dryer hookups could generate $100 more per month and would be easy to do since there is space next to kitchens or baths. Gated entry provides an extra feeling of security. Sellers have upgraded many units on turnover. Future repairs and maintenance cost may be less than history. Seller paid salaries to four staff to service four Ramona assets. New buyer does not need a resident manager, but might pay for a porter. Sewer, fire protection & other are collected via property tax billing. Lenders may require for first year reserves of 12 month principal and interest payment. (Buyer posts that extra money for first year and then gets remainder back after first year.) Cooling: Central Forced Air Elec Exterior: ,

Details

MLS#200007241
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusPending
Days On Site431

Features

Units13

Market Activity 92065

Loading Form
Loading Form
Area Information
StateCA
CountySan Diego
CityRamona
Zip Code92065
Area92065 - Ramona
Listing VS Median (in 92065)
Price:
$2,789,000
low | high
Med:
$619,900
100% of Average
On Site:
431
low | high
Med:
41.500000
100% of Average
Sourced by Back At You
Listing Updated: January 7, 2021 3:23:14 PM PST
Terry Moore LogoMLS Number: 200007241
Listing Provided By:
Terry Moore  of  Apartment Consultants Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.