REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,250,000
Est. payment | /mo
60 Beds
30 Baths
24,434 SqFt
$ 4,250,000
Est. payment | /mo
60 Beds
30 Baths
24,434 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,434 sqft
Price per Sqft $173
MLS Listing ID 648440
Bedrooms 60
Full Baths 30
HOA Y/N No
Year Built 1984
Lot Size 1.190 Acres
Property Sub-Type Multi Family
Property Description
Compelling value-add opportunityChannel Breeze offers significant upside through interior renovations and operational improvements. Current inplace rents average $1,105, whilemarket rents for similar units in the area are $1,325, presenting a clear path to increased income and asset value. Pro forma analysis projectsstrong rent growth and recapture of loss-to-lease over the next several years.Prime Northwest Fresno LocationLocated in the highly desirable Old Fig Garden submarket, Channel Breeze is surrounded by some of Fresno's most prestigious retail andlifestyle destinations, including Fig Garden Village, River Park, and Fashion Fair Mall. Residents enjoy proximity to top schools, major employers,and abundant dining, shopping, and entertainment options.Park-Like Settings and FeaturesThe property features lush landscaping, mature trees, and open green spaces, creating a tranquil, park-like environment. Residents benefit fromdirect access to walking trails and recreational amenities, enhancing the appeal for quality tenants seeking a peaceful yet connected lifestyle.Excellent Curb AppealSituated near the intersection of Dakota and Palm Avenues, Channel Breeze enjoys high visibility and easy access to major thoroughfares,supporting both leasing velocity and long-term value.
Location
State CA
County Fresno
Interior
Cooling Central Heat/Cool
Fireplaces Type None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Suburban
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
High Schools Fresno Unified
Listed by Brendan Kane Real Estate
NEARBY SCHOOL & BUSINESS