+/- 10.18 acres
The property is located on the west side of S Elm St. between Church Ave. and Jensen Avenue in the city of Fresno, CA.
- Property Overview: South Elm Avenue is a multifamily development opportunity. The 120 unit approved tract map features a mix of apartment units and townhomes. The local market is extremely undersupplied. All apartment communities in the local area have waiting lists. Of the 1,814 multifamily units within the 23 existing apartment complexes there is 100% occupancy. The high occupancy is due to the high percentage of affordable units in the area. All apartment communities in the area are either 100% affordable or have a large affordable component with little market rate apartment units available.