$766,799
$1,099,000
30.2%For more information regarding the value of a property, please contact us for a free consultation.
1.93 Acres Lot
SOLD DATE : 06/29/2023
Key Details
Sold Price $766,799
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 594133
Sold Date 06/29/23
Lot Size 1.930 Acres
Property Description
SHOVEL-READY multifamily land!Introducing a an exceptional 1.93-acre parce of land in central Fresno. Shovel-ready for 12 duplexes (24 units). All 12 units are high demand 3-bed/2-bath floorplans, each with their own private attached garage.This project benefits from over ~$189,000 in waived infill fees by the City and APPROVED WORKING DRAWINGS, streamlining your development process. If you are in a 1031 and aren't satisfied with the pricing on the more 'stabilized' assets on the market, then this might be the deal for you. It is a fantastic opportunity to break into the development world while hedging the risk of going through all the red tape.Nestled in a central Fresno location, the site offers close proximity to amenities and excellent transport links. Seize this unique opportunity in Fresno's robust rental market. Contact us today for more details.
Location
State CA
County Fresno
Area 702
Zoning RS-5
Building
Sewer Public Water, Public Sewer, None
Water Public Water, Public Sewer, None
Schools
Elementary Schools Balderas
Middle Schools Sequoia
High Schools Roosevelt
School District Fresno Unified
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