909-235-7886
338 Sherwood Way, Madera, CA for Sale
Apartments - FOR SALE
1/13
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338 Sherwood Way
Madera, CA 93638


HIGHLIGHTS

  • Attractive 3.27% Assumable Loan
  • Quality Built Asset
  • Desirable Unit Mix With Large Floorplans
  • Strong Madera Location and Market Fundamentals
  • Easy Access to Area Freeways

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

81

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Pointe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

168

LAND DETAILS

LAND ACRES

4.14 AC

LAND SF

180,338 SF

ZONING

PD (3000)

APN/PARCEL ID

003-160-025

ASK ABOUT THIS PROPERTY

Otto OzenThe Mogharebi GroupMore Info
909-235-7886

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Otto OzenThe Mogharebi GroupMore Info
909-235-7886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.