259 N Clovis Avenue Fresno, CA 93727

**Prime Development Opportunity: Phase 2 of Fancher Creek Mall Development with 60 Units in Fresno, CA****Shovel-Ready Status**: This project comes shovel-ready, allowing the buyer to move forward immediately post-permit approval. Civil (onsite & offsite), Building (MEP, Structural & Architectural),... Fire & Fire Sprinkler, Solar and PG&E + ALL APPROVED!All plan check fees have been paid for by the seller & buyer/builder to pay for permits and development fees**Market Rental Rates**: This Fresno Area market commands an average rent of $1,850 per month for outdated 2-bedroom, 2-bathroom units. Newer units in this development are projected to yield $2,100 per month.**Financial Metrics**: Our seller's proforma indicates an enticing 8.9% Cap Rate. However, we strongly recommend buyers to conduct their own comprehensive due diligence. Comprehensive Development Budget & Operational Budget Available During Due Diligence Period. Continue reading