Description
Spectacular investment opportunity! 4.55 acres +/- located in a highly desirable area within the city of Fresno, CA and within the Opportunity Zone. Zoned RM-2 residential multi-family urban neighborhood, which requires a density of 16-30 units per acre. Fully entitled with the City of Fresno to build a 130 unit apartment complex consisting of five 3-story apartment buildings. Apartment unit mix consists of 47 1 bed/1 bath units, 71 2 bed/2 bath units, and 12 3 bed/2 bath units, for a total of 130 units. Property includes four parcels: APNs 463-090-59; 463-090-11; 463-090-28; 463-090-57. This lot offers developers a rare opportunity to create a high-quality living space in a well positioned area. The lot's ample size and zoning regulations provide developers with the flexibility to create a wide range of unit types and sizes, ensuring that the complex meets the needs of modern renters. The property's location offers convenient access to local amenities, shopping, and entertainment options, making it an attractive option for renters seeking a convenient living experience. Site plan, floor plans, exterior elevations, and City of Fresno entitlements available upon request.
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0BEDS
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4.55ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Spectacular investment opportunity! 4.55 acres +/- located in a highly desirable area within the city of Fresno, CA and within the Opportunity Zone. Zoned RM-2 residential multi-family urban neighborhood, which requires a density of 16-30 units per acre. Fully entitled with the City of Fresno to build a 130 unit apartment complex consisting of five 3-story apartment buildings. Apartment unit mix consists of 47 1 bed/1 bath units, 71 2 bed/2 bath units, and 12 3 bed/2 bath units, for a total of 130 units. Property includes four parcels: APNs 463-090-59; 463-090-11; 463-090-28; 463-090-57. This lot offers developers a rare opportunity to create a high-quality living space in a well positioned area. The lot's ample size and zoning regulations provide developers with the flexibility to create a wide range of unit types and sizes, ensuring that the complex meets the needs of modern renters. The property's location offers convenient access to local amenities, shopping, and entertainment options, making it an attractive option for renters seeking a convenient living experience. Site plan, floor plans, exterior elevations, and City of Fresno entitlements available upon request.
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