Lexington Square is a 130-unit multifamily affordable property, which was built in 1974 and substantially renovated in 2000. Lexington Square offers spacious units, with an average of 912 sq ft, and is well-equipped with amenities, including a swimming pool, playground, and business center. The property backs onto family-friendly Rotary Park, and is conveniently-located in close proximity to major schools, retail hubs, and Fresno Yosemite International Airport.
Beginning soon after our Q3 2021 acquisition of Lexington Square, Spira intends to perform upgrades to extend the useful life of the property.
|Development Cost (est.)||$16 million|
|Avg unit size||912 sq ft|
|Total buildings||16 (Two story)|
40 x 1-BR
|Common area amenities||