Channel Breeze Apartments
Multifamily | 30 Units | $141,667/unit
Marketing description
Channel Breeze offers significant upside through interior renovations and operational improvements. Current inplace rents average $1,105, while market rents for similar units in the area are $1,325, presenting a clear path to increased income and asset value. Pro forma analysis projects strong rent growth and recapture of loss-to-lease over the next several years.
Located in the highly desirable Old Fig Garden submarket, Channel Breeze is surrounded by some of Fresno's most prestigious retail and lifestyle 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.
The property features lush landscaping, mature trees, and open green spaces, creating a tranquil, park-like environment. Residents benefit from direct access to walking trails and recreational amenities, enhancing the appeal for quality tenants seeking a peaceful yet connected lifestyle.
Investment highlights
- COMPELLING VALUE-ADD OPPORTUNITY - Channel Breeze offers significant upside through interior renovations and operational improvements. Current inplace rents average $1,105, while market rents for similar units in the area are $1,325, presenting a clear path to increased income and asset value. Pro forma analysis projects strong rent growth and recapture of loss-to-lease over the next several years.
- PRIME NORTHWEST FRESNO LOCATION - Located in the highly desirable Old Fig Garden submarket, Channel Breeze is surrounded by some of Fresno's most prestigious retail and lifestyle 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 SETTING WITH LIFESTYLE AMENITIES - The property features lush landscaping, mature trees, and open green spaces, creating a tranquil, park-like environment. Residents benefit from direct access to walking trails and recreational amenities, enhancing the appeal for quality tenants seeking a peaceful yet connected lifestyle.
- EXCELLENT CURB APPEAL AND VISIBILITY - Situated 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.
- STRONG HISTORICAL OCCUPANCY AND TENANT PROFILE - The property has demonstrated stable occupancy and attracts quality tenants, supported by its gated entrance and secure environment.
- DYNAMIC FRESNO MARKET FUNDAMENTALS - Fresno is a vibrant, growing city with a diverse economy, strong population growth, and a median household income of $62,021 within five miles of the property. The city's ongoing infrastructure investments—including the transformative high-speed rail station—are expected to drive further economic and population growth.
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