Listing provided courtesy of Cheryl Horn of Cheryl Horn, Broker. Last updated 2024-03-29 09:21:25.000000. Listing information © 2022 Sandicor.
Asking Price: $4,300,000
918-950 Main St, Ramona CA 92065
Community: North County Inland
This Com-Res Income property was built in and is priced at $4,300,000. Please see the additional details below.
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.
