110 7th St | Ramona, CA 92065
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- LoopNet Team
110 7th St
Ramona, CA 92065
Terre at Vintage · Multifamily Property For Sale
·
68 Units
INVESTMENT HIGHLIGHTS
- An investor can potentially achieve an additional $430 per unit upside on average (22%) by completing renovations across remaining classic rooms
- Prior ownership has spent $657k on in-unit interior upgrades on renovated units including new vinyl-sheet flooring, updated hardware.
- Opportunities of this size rarely transact in Ramona, making this a unique and rare offering in the market.
- Comprised of spacious two-bedroom floor plans averaging 850 SF
- Just 2-blocks from Main Street, Ramona’s major thoroughfare, and is proximate to a Town Center teeming with a variety of retail, restaurants.
- Showcasing larger and more affordable units while still having immediate access to major job nodes and employment.
PROPERTY FACTS
| No. Units | 68 | Lot Size | 2.40 AC |
| Property Type | Multifamily | Building Size | 57,800 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Zoning | RMV4 | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.40 AC |
| Building Size | 57,800 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | RMV4 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Heating
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 68 | - | 850 |
PROPERTY TAXES
| Parcel Number | 281-341-07 | Improvements Assessment | $8,222,878 |
| Land Assessment | $6,367,248 | Total Assessment | $14,590,126 |
PROPERTY TAXES
Parcel Number
281-341-07
Land Assessment
$6,367,248
Improvements Assessment
$8,222,878
Total Assessment
$14,590,126
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