The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	81
Year Built	2004
Rentable SF	86,258
Lot Size Acres	4.14

Investment Highlights

Below-Market Financing with Attractive 3.27% Assumable Loan
Fully Occupied with Strong Cash Flow
LIHTC Property Tax Exemption
2004 Quality-Built Asset
Desirable Unit Mix with Large Floorplans
Strong Madera Location with Solid Market Fundamentals
Easy Access to State Route 99, Central Valley’s Main Transportation Corridor

Property Description

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.

338 Sherwood Way
Madera, CA 93637

Multifamily market fundamentals in Madera are generally robust and present a favorable investment environment for future investors. Historically high occupancy rates and a steadily increasing rental industry hint at this favorable potential. As it stands, multifamily occupancy in the area sits steadily at approximately 97.8% while the local rental market has seen a growth by approximately 15.8% over the last three years and 3.9% over this past year.