Sherwood Pointe
338 Sherwood Way
Madera,
CA 93637
81 Units
Property Summary
| Price | Call for Details |
| Units | 81 |
| Year Built | 2004 |
| Rentable SF | 86,258 |
| Lot Size Acres | 4.14 |
Investment Highlights
- Attractive 3.27% Assumable Loan
- 100% of Units Covered Under the LIHTC Regulatory Agreement
- Quality Built Asset in Fantastic Condition
- Desirable Unit Mix With Large Floorplans
- Strong Madera Location and Market Fundamentals
- Easy Access to Area Freeways
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
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.
Listing Advisors
Otto Ozen
Shawn Bolour
Nazli Santana