The Towers at Manchester
1544 East Fedora Avenue
Fresno,
CA 93704
93 Units
Property Summary
Price | $6,000,000 |
Units | 93 |
Lot Size Acres | 2.13 |
Investment Highlights
- Located within an Opportunity Zone, which provides beneficial tax treatment for investments made within the zone.
- Ideal opportunity to renovate original unit interiors and reposition the property as workforce or subsidized housing.
- 93 units arranged in a diverse mix of studio, one-, and two-bedroom floor plans ranging in size from 460 to 920 square feet.
- Across the street from The Manchester Center Regional Mall and Fresno Area Express Intermodal Transportation Hub.
- Significantly reduced electricity costs since the installation of a solar panel system in 2022 atop a new 30-year membrane roof as well as new dual-pane vinyl windows. The developer also began converting the HVAC to mini-splits with the pouring of a concrete foundation along the entire perimeter of the exterior.
- Superior regional connectivity provided by immediate access to Highway 41 and Fresno Yosemite International Airport just 10 minutes away.
- Within a five- to 10-minute drive of Fresno City College and Fresno State—two of Fresno’s top higher education institutions with total enrollment of 44,000+ students combined.
1544 East Fedora Avenue
Fresno, CA 93704
Fresno, CA 93704
Listing Advisors
Robin Kane
Brendan Kane