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Barnett Village Apartments 3820 Market Ct 39 Unit Apartment Building $11,278,575 CAD ($289,194 CAD/Unit) Shingle Springs, CA 95682
Investment Highlights
- Original Owner
- Self-Managed
- Significant NOI Upside
Executive Summary
CBRE, as the exclusive advisor, is pleased to present the opportunity to acquire Barnett Village, a 39 unit multifamily community in Shingle Springs, CA.
Built in 1988, the unit mix consists of entirely two-bedroom floor plans with average in-place rents $390+ below market rents. A new owner has the opportunity to drive NOI through multiple avenues of increased income such as implementing a utility reimbursement program and strategically capturing the loss-to-lease existing on the current rent roll.
The physical plant of the property has been maintained to an exceptional standard, with consistent capital expenditures invested into the property including replacing
several balconies over the last few years. The property’s superior condition is a direct result of the owners’ strong pride of ownership and their commitment to meticulous, ongoing maintenance.
For more information, please reach out to Marc Ross, Joe McNamara or Claire Holt.
Built in 1988, the unit mix consists of entirely two-bedroom floor plans with average in-place rents $390+ below market rents. A new owner has the opportunity to drive NOI through multiple avenues of increased income such as implementing a utility reimbursement program and strategically capturing the loss-to-lease existing on the current rent roll.
The physical plant of the property has been maintained to an exceptional standard, with consistent capital expenditures invested into the property including replacing
several balconies over the last few years. The property’s superior condition is a direct result of the owners’ strong pride of ownership and their commitment to meticulous, ongoing maintenance.
For more information, please reach out to Marc Ross, Joe McNamara or Claire Holt.
Property Facts
| Price | $11,278,575 CAD | Building Class | C |
| Price Per Unit | $289,194 CAD | Lot Size | 4.83 AC |
| Sale Type | Investment | Building Size | 75,338 SF |
| No. Units | 39 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.68/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | AE | ||
| Price | $11,278,575 CAD |
| Price Per Unit | $289,194 CAD |
| Sale Type | Investment |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.83 AC |
| Building Size | 75,338 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.68/1,000 SF |
| Zoning | AE |
Amenities
Unit Amenities
- Disposal
- Heating
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 39 | - | 1,000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 109-402-011-000 | Improvements Assessment | $4,004,115 CAD |
| Land Assessment | $789,351 CAD | Total Assessment | $4,793,466 CAD |
Property Taxes
Parcel Number
109-402-011-000
Land Assessment
$789,351 CAD
Improvements Assessment
$4,004,115 CAD
Total Assessment
$4,793,466 CAD
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Barnett Village Apartments | 3820 Market Ct
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