Camelot Woods Condominiums

Nestled in the charming community of Cameron Park, this property enjoys proximity to a wealth of attractions and amenities, making it an appealing prospect for multifamily/high-rise investors. The area is renowned for its picturesque landscapes and outdoor recreation, with the Cameron Park Lake and Community Center offering a serene escape. Nearby, the Cielo Estate Winery and Bass Lake Golf Course cater to leisure pursuits, while a variety of dining and retail options are dotted along nearby Green Valley Road. With its convenient location and diverse offerings, Cameron Park promises to provide a desirable living experience for future residents of the property.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 two-story 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.