Offers due July 22nd.
Marcus & Millichap is pleased to offer Shelfield Apartments for sale as a value-add opportunity in Carmichael, California. The property features a smattering of very unique floorplans, complete with interior hallways and architectural accents unique to the 1960s. Residents are treated to on-site laundry facilities, a private courtyard swimming pool and tuck under parking for their vehicles. All but the studio floorplans enjoy central HVAC.
The property is currently 33% vacant with six units being offline altogether from fire and water intrusion. While the roof is brand new, the next owner will have the unique opportunity to bring this gem of a property back to its glory complete with modern interior upgrades and exterior improvements to landscape and structure.
Nearby condos sell for over $1million with some homes exceeding $2million in recent sales. Residents living at Shelfield also enjoy convenient access to premier Carmichael shopping options at nearby Milagro Centre and Five Points. Outdoor enthusiasts are also attracted to the nearby American River Parkway, providing access to a well-known 32-mile Jedidiah Smith Memorial Bike trail.