3959 Arthur Ct - Apartments FOR SALE


Cameron Park, CA 95682
$3,950,000 USD
916-724-1294
3959 Arthur Ct, Cameron Park, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

3959 Arthur Ct
Cameron Park, CA 95682


HIGHLIGHTS

  • 2008 Vintage Asset – Camelot Woods Condominiums offers fifteen spacious townhouse style residences with modern floorplans and systems
  • Preferential Insurance - Modern electrical panels, wiring, windows, etc. provide for cheaper annual insurance premiums
  • Rental Upside – Current rents remain below market, providing a clear opportunity to increase cash flow through natural lease turnover
  • Excellent Cameron Park Location – Prime foothill location with convenient access to Highway 50, shopping, dining, and major employment centers.

OVERVIEW

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Camelot Woods Condominiums, a 15-unit townhouse-style condominium community located in the desirable Cameron Park submarket of El Dorado County. Constructed in 2008, the property offers investors the rare opportunity to acquire a newer vintage multifamily asset featuring spacious townhome floor plans, stable rental history, and meaningful income upside with more aggressive management. Camelot Woods Condominiums consists of fifteen two-bedroom, one-and-one-half-bathroom townhouse residences, each approximately 900 square feet. The thoughtfully designed twostory floor plans provide residents with the comfort and privacy similar to single-family living while maintaining the operational efficiencies of a professionally managed rental community. Each residence features maple cabinetry, solid surface countertops, tile flooring in the kitchen and dining areas, central heating and air conditioning, in-unit laundry, private patios or balconies, and covered parking. Additional parking spots are available for rent. Current ownership has maintained the property to a high standard (SB 721 compliant), resulting in an attractive community with minimal deferred maintenance. Built in 2008, Camelot Woods benefits from newer construction than most multifamily inventory in the region, reducing near-term capital expenditure requirements and allowing a new owner to focus on income growth. Average in-place rents of approximately $1,746 per month remain below the projected market average of approximately $1,995 per month, providing investors with a clear opportunity to increase revenue through natural lease turnover and not needing to renovate units to achieve market rent. Ideally located in the heart of Cameron Park, residents enjoy convenient access to Highway 50, placing major employment centers in Folsom, El Dorado Hills, Placerville, and Downtown Sacramento within an easy commute. The community is surrounded by grocery stores, restaurants, parks, schools, and everyday conveniences while benefiting from Cameron Park's desirable foothill setting, highly-regarded quality of life, and strong rental demand.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

15

PRICE/UNIT

$263,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camelot Woods Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R2

APN/PARCEL ID

082-450-003-000

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.