$4,300,000
$4,300,000
For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/15/2024
Key Details
Sold Price $4,300,000
Property Type Commercial
Sub Type Other/Remarks
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240001701
Sold Date 07/15/24
Property Description
In the heart of old town Ramona, 23 one bedroom units AND an office building. Two parking lots, most units are built as cottages with a front door, back door and no one on top of below. Some units are completely renovated some are partially renovated. No vacancies, no delinquencies. Current monthly rents are $34,000. Last 4 units rented for $1750 each. Self managed and tenants deposit rent every month. In the last 6 years, a new unit with permits has been built, several new roofs and foundations, several major improvements. 4 parcels are 281-281-14-00, 281-281-15-00, 281-281-16-00, 281-281-17-00 See attached flyer for more information. This property has a great cash flow and cap rate, and owner will only sell if terms are favorable.
Location
State CA
County San Diego
Area Ramona (92065)
Interior
Heating Baseboard, Other/Remarks, Wall
Cooling Other, Wall/Window
Flooring Vinyl
Laundry Leased
Exterior
Exterior Feature Metal Fence
Parking Features Spaces
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Exchange Up
Space Rent $411,660
Listing Terms Exchange Up
Financing Exchange Up
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Kamran Banayan
2235 Linwood St. A5, Diego, California, 92110, United States