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$895,000

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9 Beds

6 Baths

4,726 SqFt

Price Dropped by $70K

1008 N Broadway ST Fresno, CA 93728

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Dennis Sanchez

dennis@berrirealestate.com +1(415) 988-1923

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,726 sqft

Price per Sqft $189

MLS Listing ID 646125

Bedrooms 9

Full Baths 6

HOA Y/N No

Year Built 2000

Lot Size 0.260 Acres

Property Sub-Type Multi Family

Property Description

This well-located five-unit multifamily investment opportunity presents investors with the chance to acquire an income-producing asset in Fresno, California. The property consists of five residential units across two structures located at 1008 Broadway St, positioned near the revitalizing Tower District corridor, known for strong rental demand and continued neighborhood investment. Each unit is individually metered for utilities, providing operational efficiency and reduced expense exposure for ownership. The property also features a covered carport, offering tenants convenient off-street parking and added rental appeal.The property currently generates $76,800 in annual gross rental income, with clear upside potential through rental adjustments toward market levels. Based on current rental trends in the surrounding area, the property offers the potential to increase annual gross income to approximately $90,900, creating a compelling value-add opportunity for investors seeking both stable cash flow and long-term appreciation.The property features a desirable unit mix consisting of three 2-bedroom / 1.5-bath units that were built in 2000 and an older build that consists of two additional units including a 2-bedroom / 1-bath and a 1-bedroom / 1-bath, appealing to a broad tenant base and supporting consistent occupancy. All units have their own designated laundry.This also offers investors the benefit of newer construction compared to much of the surrounding housing stock, which is largely comprised of mid-century properties. Newer construction often translates into lower long-term maintenance requirements and strong tenant appeal. Situated in an established residential neighborhood with convenient access to employment centers, restaurants, retail, and entertainment within the Tower District, the property benefits from strong rental fundamentals and the continued growth of the Fresno metropolitan area. Tenants enjoy easy walking distance to restaurants and events in Tower District.

Location

State CA

County Fresno

Interior

Heating Floor or Wall Heat

Cooling Central Heat/Cool, Wall/Window Unit(s)

Fireplaces Type One Unit

Appliance Refrigerator: All Units, Stove: All units

Laundry In Unit

Exterior

Parking Features Carport

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Urban

Story 2

Foundation Concrete Perimeter, Wood Subfloor

Sewer Public Sewer

Water Public

Schools

High Schools Fresno Unified

Others

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Listed by Gentile Real Estate

NEARBY SCHOOL & BUSINESS

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Dennis Sanchez

Founder | Broker Associate | CA DRE#01906875

+1(415) 988-1923

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1008 N Broadway ST Fresno, CA 93728

Dennis Sanchez

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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1008 N Broadway ST