Sherwood Pointe Apartments | 338 Sherwood Way
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Sherwood Pointe Apartments 338 Sherwood Way
81 Unit Apartment Building For Sale Madera, CA 93638
Investment Highlights
- Attractive 3.27% Assumable Loan
- Desirable Unit Mix With Large Floorplans
- Easy Access to Area Freeways
- Quality Built Asset
- Strong Madera Location and Market Fundamentals
Executive Summary
The Mogharebi Group is pleased to present the opportunity to acquire Sherwood Pointe, an 81-unit multifamily community plus vacant land located at 338 Sherwood Way in Madera, California. Designated as an affordable housing community, Sherwood Pointe is currently encumbered with a 55-year LIHTC regulatory agreement that expires in 2058. The property features a well-balanced mix of two-, three-, and four-bedroom floorplans offering a variety of desirable amenities aimed at bringing residents comfort and convenience. Aiding to its convenience, Sherwood Pointe boasts an easily accessible location with quick access to shopping, dining, and retail options. Additionally, Sherwood Pointe is well positioned to capitalize on the abundance of employment opportunities found in the greater Central Valley area, situated just minutes away from Highway 99. The asset is currently offered with an existing loan at a fixed 3.27% interest rate.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 4.14 AC |
| No. Units | 81 | Building Size | 86,258 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2004 |
| Building Class | C | Parking Ratio | 1.95/1,000 SF |
| Sale Type | Investment |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.14 AC |
| Building Size | 86,258 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 1.95/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Walk-In Closets
- Carpet
- Pantry
- Patio
Site Amenities
- Controlled Access
- Laundry Facilities
- Playground
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 21 | - | 908 - 918 |
| 3+2 | 40 | - | 1,068 |
| 4+2 | 20 | - | 1,217 |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 003-160-025 | Improvements Assessment | $9,371,800 |
| Land Assessment | $1,494,300 | Total Assessment | $10,866,100 |
PROPERTY TAXES
Parcel Number
003-160-025
Land Assessment
$1,494,300
Improvements Assessment
$9,371,800
Total Assessment
$10,866,100
zoning
| Zoning Code | PD (3000) |
| PD (3000) |
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Sherwood Pointe Apartments | 338 Sherwood Way
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