Mahoney & Associates Commercial Real Estate | 831.
646.
1919
Property Address: 464 Ramona Ave.
, Monterey CA 93940
Asking Price: $3,350,000
Building Size: ± 7,171 SF
Lot Size: ± 21,780 SF
In Place CAP Rate: 4.
89%
Mahoney & Associates is pleased to present to the market the opportunity to purchase a 9-unit apartment complex located at 464-470 Ramona Avenue in Monterey, California.
The property consists of 3 stand-alone cottages and 6 apartments.
The units range in size from ± 576 SF to ± 1,310 SF and come with garage/ carports and some with yards.
There is an existing loan in place with a principal balance of ± $940,000 at a 4.
09% through March 1, 2027, amortized over 25 years, with a ±1% assumption fee.
Buyer to cooperate with Seller in a 1031 exchange.
Seller’s are licensed real estate brokers in California.
For over 40 years Mahoney & Associates have provided the market knowledge and guidance needed to generate superior financial returns for our clients.
We specialize in the leasing and sale of retail and industrial properties, office buildings, apartments, hotels/ motels, and land for development.
Asset management and consulting services are also provided.
We realize that the success we achieve is in direct proportion to the quality and service we provide to the client.
We do not take any business for granted, and sincerely appreciate the opportunity to represent you in any and all aspects of commercial real estate.
The information contained herein has either been given to us by the owner of the herein described real property or obtained from sources we consider reliable.
However, we do not represent that it is accurate or complete and it should not be relied upon as such.
All of the information contained herein is subject to change without notice.
Offered By
Ryan Edwards
Partner | DRE #01403313
Patrick Stafford
Partner | DRE #01857243
Josh Jones
Partner | DRE #01352818
Mahoney & Associates
501 Abrego St.
Monterey, CA 93940
https://www.
mahoneycommercial.
com/
T: (831)646-1919
Whatsapp
