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.
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60BEDS
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1.19ACRES
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30BATHS
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01/2 BATHS
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24,434SQFT
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$174$/SQFT
School Information
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.
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