2542 Elm AveFresno, CA 93706

This exceptional 10.18-acre parcel in Fresno, CA (APN 479-020-36, -52), zoned RS-5 Med Density Residential, presents a remarkable opportunity for multifamily development. A tentative map and complete building plans are in place for a 96-unit project, comprising 24 two-story buildings. The development features 48 three-bedroom units and 48 four-bedroom units, providing ample living space. The project design includes 188 parking spaces (1.5 spaces per unit), 146,892 square feet of open space (49,329 square feet of which is active), and 20-foot setbacks, enhanced by plans for a quality rod iron fence. The total building size is approximately 131,376 square feet. This turnkey asset benefits from its location in a high-rental-demand area, close to schools and numerous commercial amenities, including recently developed apartment complexes. Convenient access to Highways 99 and 41, along with its placement within an Opportunity Zone, further enhances its appeal. The property is shovel-ready, with utilities already on-site. This represents a significant investment opportunity in a thriving Fresno submarket. The asking price is $995,000. The address is 2542 S Elm Ave, Fresno, CA 93706.