51 E Dakota Ave - Apartments FOR SALE


Fresno, CA 93704
$3,450,000 USD
559-288-8803
51 E Dakota Ave, Fresno, CA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/13
null | 6.64% Cap Rate

51 E Dakota Ave
Fresno, CA 93704


OVERVIEW

51 East Dakota Avenue is a 26-unit community constructed in 1971, embodying a classic charm while presenting an exciting value-add opportunity. Situated in an area experiencing remarkable rent growth, its strategic proximity to freeway access not only ensures convenience but also promises potential for increased value. With strong multifamily fundamentals underpinning its appeal, the property enjoys close adjacency to Fresno City College, CSU Fresno, and Fresno Yosemite Airport, catering to a diverse tenant base seeking accessibility and convenience. Whether it’s the allure of educational institutions or the ease of travel, this property stands as a beacon of opportunity in Fresno’s dynamic real estate landscape. Solid Occupancy with Strong Cash Flow Highly Desirable Unit Mix with Large Floorplans Proximity to Fresno Unified School District Convenient to Shopping, Dining and Retail Proximity to Higher Education Growing Logistics Hub.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

26

PRICE/UNIT

$132,692

CAP RATE

6.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,984 SF

ZONING

R-3, Fresno

APN/PARCEL ID

434-223-13

ASK ABOUT THIS PROPERTY

Robin KaneNorthmarqMore Info
559-288-8803

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Robin KaneNorthmarqMore Info
559-288-8803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.