733 B St.

    Ramona, CA 92065
    • $2,950,000
    • STATUS: Active
    • ON SITE: 108 days
    • ID#: 200007241
    UPDATED: 40 min ago
    $2,950,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    DRAMATIC PRICE REDUCTION! Neighbor at 715 B St. is also for sale by same family. All units benefit from central heat and A/C. 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: ,

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-31T22:25:44.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.

    www.marknazzalrealty.com/homes/103194258

    733 B St. Ramona, CA 92065

    • Price: $2,950,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 200007241
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    County:
    San Diego
    Property Description
    DRAMATIC PRICE REDUCTION! Neighbor at 715 B St. is also for sale by same family. All units benefit from central heat and A/C. 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: ,
    Exterior Features

    Construction Materials FrameStucco Lot Size Units Square Feet Roof Composition

    Interior Features

    Heating Forced Air Heating YN Yes

    Property Features

    Cap Rate 4.40 Country Us Gross Scheduled Income 238212.00 Insurance Expense 5051.00 Maintenance Expense 12324.00 Net Operating Income 130942.00 Operating Expense 95359.00 Other Expense 11818.00 Other Income1 912.00 Property Sub Type Commercial/Residential Total Expenses 95359.00 Total Monthly Rent 18939 Trash Expense 2804.00 Water Sewer Expense 15845.00

    Listing provided courtesy of Terry Moore of Apartment Consultants, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-31T22:25:44.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.

     
    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373