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51 E. Dakota Avenue

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Address: 51 E Dakota Ave, Fresno, CA 93704, USA

California & West + Apartment Buildings

Created date: September 16, 2024

Date last updated: September 16, 2024

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

Property Description

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$3,200,000
No. of Units:	26
Year Built:	1971
Building Size:	22,490 Sq ft
Opportunity Zone:	No
Price per unit:	$123,077