Your email has been sent.
2804 Elk Grove Blvd
Elk Grove, CA 95757
188 Townhomes - Fully Approved Project · Land For Sale
·
7.49 AC
INVESTMENT HIGHLIGHTS
- Rare 7.49 AC Site Fully Approved for 188 Townhomes
- Seller has Obtained HUD Financing for Construction Approved 221 D4 Loan - 90% Cost to Construction
- 52,000 Households in Elk Grove with an Average Household Income of $141,000 in a 1-Mile Radius
- Build to Rent or Individual For Sale Townhomes
- One of the Last Infill Sites of this Size in Elk Grove for Residential Redevelopment
- Elk Grove Unified School District is a Top-Performing District - Graduation Rate of Over 90% and is Recognized Throughout the Nation
EXECUTIVE SUMMARY
- No below market units required.
- No Prevailing Wage required.
- One of the last infill sites of this size in Elk Grove for residential redevelopment.
- The Seller has obtained HUD financing for construction approved 221 d4 loan, loan is for 90% cost to construction.
- Completed construction documents ready to submit to City.
- There are approximately 52,000 households in Elk Grove with an average household income of $141,000 in a 1-mile radius.
- Elk Grove Unified School District is a top-performing district, with a graduation rate of over 90% and is recognized throughout the nation as a leader in progressive education.
- Located near the California Northstate University, College of Medicine which is a private for-profit medicine school and medical center.
- Elk Grove’s location provides easy access to two major freeways, the Sacramento International Airport, and rail lines.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 7.49 AC |
| Zoning | Commercial - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 7.49 AC |
| Zoning | Commercial - Commercial |
1 LOT AVAILABLE
Lot
| Price | $21,899,230 CAD | Lot Size | 7.49 AC |
| Price Per AC | $2,923,795.67 CAD |
| Price | $21,899,230 CAD |
| Price Per AC | $2,923,795.67 CAD |
| Lot Size | 7.49 AC |
DESCRIPTION
- Extremely rare opportunity to acquire a 7.49-acre site which is fully approved for 188 townhomes which can be build to rent or individual for sale townhomes. The project consist of 188 units, (16 – 1 Bedroom Studios) (122 – 2 Bedrooms) (50 – 3 Bedrooms). - One of the last infill sites of this size in Elk Grove for residential redevelopment. - The Seller has obtained HUD financing for construction approved 221 d4 loan, loan is for 90% cost to construction. - Completed construction documents ready to submit to City. - There are approximately 52,000 households in Elk Grove with an average household income of $141,000 in a 1-mile radius. - Elk Grove Unified School District is a top-performing district, with a graduation rate of over 90% and is recognized throughout the nation as a leader in progressive education. - Located near the California Northstate University, College of Medicine which is a private for-profit medicine school and medical center. - Elk Grove’s location provides easy access to two major freeways, the Sacramento International Airport, and rail lines.
