ALIVE Commercial Real Estate is pleased to present the Spin Crest Apartments, a 9-unit multifamily opportunity located in the historic Gold Country community of Placerville, CA. Built in 1988 & 1989 and immaculately maintained thereafter, the community sits on two parcels and is ideally located within walking distance of downtown. The property features an excellent unit mix of (4) one-bedroom one-bathroom units with 775 SF and (5) two-bedroom two-bathroom units with 965 SF, respectively. The sizable floor plans and convenient location have resulted in long term tenancy, leaving a huge opportunity for growth for the next owner. With zero market rate multifamily under construction or planned to be built in the near future, the 10,656 residents in Placerville are constrained by a lack of available rental units and restricted by the high barrier to entry housing market, where single family home prices regularly exceed $1,000,000. The spacious floor plans, clear upside and supply constrained nature of the submarket should make this a fantastic investment for years to come. Please reach out to listing agent for more information and tours.