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- LoopNet Team
1636 Broadway St
Fresno, CA 93721
Brio on Broadway · Multifamily Property For Sale
·
54 Units
INVESTMENT HIGHLIGHTS
- 6.24 IN-PLACE CAP RATE
- DYNAMIC DOWNTOWN WITH OVER $100 MILLION UNDER DEVELOPMENT
- $4,900,000 ASSUMABLE LOANS - NO MORTGAGE RISK, PERFECT FOR EXCHANGE BUYERS
- "A" CLASS ASSET, BUILT IN 2015 TO ENERGY EFFICIENT SPECIFICATIONS
PROPERTY FACTS
| No. Units | 54 | Lot Size | 1.74 AC |
| Property Type | Multifamily | Building Size | 42,390 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2015 |
| Building Class | B | Parking Ratio | 0.69/1,000 SF |
| Zoning | C-4 - Apartments | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.74 AC |
| Building Size | 42,390 SF |
| No. Stories | 2 |
| Year Built | 2015 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | C-4 - Apartments |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Fireplace
- Microwave
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Security System
- Gated
- Grill
- Laundry Service
ABOUT 1636 BROADWAY ST , FRESNO, CA 93721
Built in 2015, Brio on Broadway is a two & three story,53 residential unit plus 1 retail unit apartment community that is located on Broadway Street in Fresno, CA. The property comprises 14 residential buildings totaling 42,404 rentable square feet. The complex is situated on a 1.34-acre site. The apartment homes feature spacious one, two, and three-bedroom floor plans with an average size of 796 square feet. The property boasts attached garages, washer / dryer hookups, stainless steel appliances, security camera systems, outdoor picnic area, and laundry facility. This project is subject to an RDA Agreement requiring 23 units to be rented to residents making at or below 120% of the Adjusted Median Income (AMI).
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | $1,167 | 602 - 772 |
| 2+1 | 2 | $1,359 | 1,038 - 1,080 |
| 2+2 | 12 | $1,393 | 821 - 954 |
| 3+2 | 2 | $1,621 | 1,377 - 1,706 |
| Studios | 2 | $440.00 | 235 - 796 |
PROPERTY TAXES
| Parcel Number | 466-193-28 | Improvements Assessment | $9,298,930 |
| Land Assessment | $700,000 | Total Assessment | $9,998,930 |
PROPERTY TAXES
