341 Trinity Ave, Chowchilla, CA, 93610

341 Trinity Ave, Chowchilla, CA, 93610 < >
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for sale
$1,375,000
Year Built:2009
Status:Active
MLS #:MC20013882
Date Updated:
For information contact:
Steve Tinetti
209-354-3838
LIC# 00475070
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Go See This Property
The Trinity Office Building is a very attractive modern multi-tenant office building built in 2009. It is fully occupied with 5 separate tenants (including owner who will lease back for 5 years with a 5-year renewal option). Based upon Gross Scheduled Rents of $135,588 / year (i.e. current rents of $11,299 / month) the asking price represent a 7.03% Capitalization Rate. With a 30% down payment + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.47% (based upon a 3.90% fixed for 5 years interest rate, a 25-year amortization schedule, a 5-year interest rate reset and a 10-year balloon/refinance. With said financing the debt coverage ratio is 1.6 and the cash flow before taxes + principal reduction over the first year of the loan is eqaul to 4.33% of the listed price of $1,375,000. Beautiful 'Pride of Ownership' property located within 2 blocks of City Hall, 1 block from City's primary arterial, Robertson Boulevard and across the street from the Camarena Health Center and the Family Resources Center. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City Maintained Public Parking Lot across

 
Community Information
County Or Parish: MaderaDirections: from Highway 99 take Robertson Blvd exit and go west to Trinity Avenue then turn left one block to 4th Street. Property is on the northeast corner of 4th and Trinity

Property Information From MLS Data
Number Of Buildings: 1Property Sub Type: Office
Year Built: 2009

Utilities
Utilities: Cable Available, Electricity Connected, Natural Gas Water Source: Public

Listing Information Courtesy of:
List Agent First Name: Steve
List Agent Last Name: Tinetti
List Office Name: Tinetti Realty Group

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Monthly Payment for 341 Trinity Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,375,000
Down Payment:
Loan Amount:$1,100,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Information obtained from CACRMLS is current as of 8/5/2020 11:42 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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