rwc marketing 2017.pub (read-only) · buyer must verify the information and bears all risk for any...

This information has been secured from source we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. CRI Real Estates Property Management is a service mark of Commercial Real Estate Investors, Inc. BRE License# 003346113

CRI Real Estate & Property Management, a Division of Commercial Real Estate Investors, Inc. 151 California Street, Oakdale, Ca. 95361 • Tel: (209) 845-3861 • Fax (209) 322-4412 • Email: [email protected]

“Serving You 7 Days A Week”

BRE License # 01807613

Investment Highlights

• Secured Gated Community

• Spacious Studios, 1 & 2 BR -

Various Floor Plans

• Sports Court area

• 2 Magnificent Pools & Spa • Professional Landscaping

• Assigned Covered Parking

• HOA Management On-site

• Balcony & Patio unit areas

• Close to Shopping Centers

• Laundry hook-ups ea. unit

• Approx. 66,291 Sq. Ft. in

Rental unit footage

• Price $3,900,000

• Total Units 82

• Price Per Unit $47,561

• NOI $221,743

• Cap Rate 5.68 %

Offering Summary

Ranchwood Condominiums 4860 E. Lane Ave.

Fresno, CA 93727

CRI Real Estate & Management “Specializing in Manufactured Housing Communities” Visit us at Cricommercial.com

INCOME - EXPENSES (Trailing 12 Mos.) EXECUTIVE SUMMARY:

Construction These 82 condominiums are located

within a 416 unit complex known as Ranchwood. There are 8 different floor plans ranging from 550 sq. ft. (Studio) to 1,026 sq.ft. (2x2). The craftsman style

buildings are stick framed with Cedar shingles & T11 siding and pitched asphalt composition roofs.

Utilities Each unit is separately metered with gas

and electric provided by PGE. HOA dues range from $192.78 to $221.07 per unit. The fees cover the exteri-or finishes, roof coverings, water, sewer, waste dis-

posal, common area maintenance and a general exterior structural insurance.

Amenities All units have zero clearance gas fire-

places. Downstairs units have a small patio area and upstairs units have a balcony. Common area amenities include two swimming pools and a full

sized sport court. CC&R’s enforced.

Parking Each unit is assigned one covered carport

and is owned by the owner of the unit. Additional unassigned open parking spaces are also available.

Property Ranchwood is located on approx. 26

acres with private streets, security Gates, perimeter fencing and mature landscaping. Built in two phas-es 1981-1984. Units are designed in clustered 8-plex buildings.




Expenses

Advertising-Office expenses $1,852

Property Insurance $25,285

Repairs & Maintenance $50,617

Legal, Professional Fees , etc. $3,959

Payroll Tax-Workmans Comp $2,928

Wages, salary $17,432

Management Fees –office $22,207

Property Taxes (est.) $49,500

HOA Fees $217,608


Ranchwood Condominiums 4860 E. Lane Ave. Fresno, CA 93727

Condo Rental Income-misc. $659,261

Total Income $613,131

Vacancy factor $46,130

Total Expense $391,388

Net Income $221,743

UNIT TYPE:

14 Studio units

38 One Bedroom / one Bath

18 Two Bedroom / one Bath

12 Two Bedroom / two Bath

CAP 5.68%

CRI

“Specializing in Manufactured Housing Communities” Visit us at Cricommercial.com

Home Owners Association

Ranchwood Homeowners Association was incor-porated in 1980 as a California mutual benefit corporation. Primary use purpose is to act as a “management body” for preservation, mainte-nance and architectural control of the common area which include 422 residential units. Monthly assessed fees to include the following services: Water, Sewer, Garbage, Exterior construction, landscape, security and Amenity up keep.

CRI Real Estate & Property Management, a Division of, Commercial Real Estate Investors, Inc. 151 California Street, Oakdale, Ca. 95361 • Tel: (209) 845-3861 • Fax (209) 322-4412 • Email: [email protected]


BRE License #01807613


Ranchwood Condominiums 4860 E. Lane Ave. Fresno, CA 93727 CRI






Ranchwood Condominiums

4860 E. Lane Ave.

Fresno, CA 93727

Aerial Map

(26-Acre Complex Outlined)

82 Units in the Offering

CRI


rwc marketing 2017.pub (read-only) · buyer must verify the information and bears all risk for any...

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