Broadway & Dennett Multifamily Portfolio 2 Multifamily Properties Offered at $1,335,628 CAD in Fresno, CA

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 $75,000 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 $88,200, 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.