Brio on Broadway | 1636 Broadway St
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Brio on Broadway 1636 Broadway St
54 Unit Apartment Building $10,750,000 ($199,074/Unit) 6.81% Cap Rate Fresno, CA 93721
Investment Highlights
- YEAR OVER YEAR RENT GROWTH OVER 35%
- HIGHLY AMENITIZED WITH WASHER / DRYER HOOKUPS & ATTACHED GARAGES
- 6.83 CAP - 7.40% CASH-ON-CASH - YEAR 1
- LOW TO MID 5% FINANCING POSSIBLE
Executive Summary
Northmarq is pleased to announce that it has been retained as the exclusive listing agent for the sale of Brio on Broadway, a 52 residential unit plus 2 commercial unit community located in Fresno, California. This property provides the right investor an opportunity to acquire a turnkey asset in one of the nation’s hottest sub markets.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $10,750,000 | Building Class | B |
| Price Per Unit | $199,074 | Lot Size | 1.74 AC |
| Sale Type | Investment | Building Size | 75,000 SF |
| Cap Rate | 6.81% | No. Stories | 3 |
| No. Units | 54 | Year Built | 2015 |
| Property Type | Multifamily | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $10,750,000 |
| Price Per Unit | $199,074 |
| Sale Type | Investment |
| Cap Rate | 6.81% |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.74 AC |
| Building Size | 75,000 SF |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 0.69/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Dishwasher
- Fireplace
- Microwave
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Courtyard
- Laundry Facilities
- Security System
- Gated
- Grill
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $1,476 | 602 - 772 |
| 2+1 | 2 | $1,785 | 1,059 |
| 2+2 | 12 | $1,782 | 888 - 921 |
| 3+2 | 2 | $1,942 | 1,377 - 1,706 |
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Walk Score ®
Very Walkable (84)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 466-193-28 | Improvements Assessment | $8,530,793 (2023) |
| Land Assessment | $725,086 (2023) | Total Assessment | $9,255,879 (2023) |
PROPERTY TAXES
Parcel Number
466-193-28
Land Assessment
$725,086 (2023)
Improvements Assessment
$8,530,793 (2023)
Total Assessment
$9,255,879 (2023)
zoning
| Zoning Code | C-4 |
| C-4 |
-
Power Broker Robin Kane -
Power Broker Brendan Kane -
Northmarq
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Brio on Broadway | 1636 Broadway St
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