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https://www.londonproperties.com/property/link/fresno/646496/816-Sherwood-Way/Madera/https://www.londonproperties.com/images/camerashy.pngLondon Properties Madera Real Estate | 816 Sherwood Way
Rare Madera multifamily opportunity, Class B fourplex offered in conjunction with the adjacent 820 Sherwood Way (also listed on MLS). Seller has owned both properties for nearly 24 years and is looking for both to close concurrently. Unit mix consists of two 3-bedroom/2-bathroom flats and two 2-bedroom/1.5-bathroom townhome-style units. Each unit includes a dedicated single-car garage, and the property features an on-site laundry room for additional income. Tenants are billed back for water, sewer, and disposal via a RUBS charge. Current rents are below market, presenting a clear value-add opportunity for an incoming investor. SB 721 elevated elements inspection completed 5/13/2025, report available in due diligence folder. Do not disturb tenants.
Property Type
Multi Family
Property Subtype 1
Quadruplex
Year Built
1986
Region
Suburban
Stories
Two
Total Buildings
1
Total Units
4
Price Per Square Foot
$172
Price Per Acre
$2,788,462
Days On London
0
Cumulative Days On London
0
County
Madera
Documents Available
Association Bylaws, Profit & Loss
Special Features
On-Site Manager
REO / Bank Owned
No
Cross Street Address
N Lake/E Cleveland
Directions
From Highway 99 North, exit at W Fourth St and turn right (east). Continue east on W Fourth St, then turn left (north) on N Lake St. Continue north on N Lake St, then turn left on Sherwood Way. The property is the second building on your left.
Heat / Cool
Central Heat/Cool
Roofing
Composition
Foundation
Concrete Perimeter
Fireplace
None
Exterior
Wood
Gas & Electric
Public Utilities
Sewer / Water
Public Water, Public Sewer
Are there garage spaces?
Yes
Garage Type
Attached
Garage Spaces
4
Additional Parking
Uncovered
APN
004 120 004 000
School District
Madera Unified
School Type 1
High School
School Name 1
Madera
School Type 2
Junior High School
School Name 2
Jack G. Desmond
School Type 3
Grade School
School Name 3
James Monroe
Tenant Pays
Electricity, Gas, Water, Sewer, Trash Collection
Income Includes
Unit Rent, Laundry, Other
Annual Income
70158.42
Annual Expense
21879.41
Expenses Include
All
Sources of Inc / Exp
Owner, Property Manager
Net Income
48279.01
71109
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0
Courtesy of Jin Kim, The JKRE Investment Group - [email protected] Last modified 2 hours ago Fresno MLS last checked for updates 4 minutes ago
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
