2702 E Hedges Avenue, Fresno, CA 93703
- $1,399,000
- 20
- BD
- 10
- BA
- 5,182
- SqFt
- List Price
- $1,399,000
- MLS#
- 643364
- Year Built
- 1942
- Bedrooms
- 20
- Bathrooms
- 10
- Living Sq. Ft
- 5,182
- Lot Size
- 41,599
- Days on Market
- 180
- Property Type
- Multifamily
- Stories
- 1
Property Description
Rare chance to acquire a cash-flowing 10-unit property with an adjacent vacant lot and city-approved plans to build 5 additional units. Property is currently fully rented with rents under market and clear upside through rent growth and future development.The included entitled lot allows for immediate expansion, with projected post-buildout income exceeding $200k+, creating a strong long-term value-add opportunity. Located in a high-demand rental corridor with low vacancy and low ongoing maintenance.Seller will consider seller financing with terms more favorable than conventional bank financing. A substantial down payment is required. This structure may provide qualified buyers added flexibility and improved cash flow compared to traditional lending.Ideal for 1031 exchange buyers, value-add investors, or developers seeking current income with scalable upside.
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Additional Information
- Cooling
- Wall/Window Unit(s)
- Roof
- Composition
- Water
- Public
- School District
- Fresno Unified
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Listing courtesy of listing agent with The JKRE Investment Group, 559-212-4489.
Based on information from the Fresno Association of REALTORS® as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.