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$ 1,399,000
Est. payment /mo
Pending
2702 E Hedges AVE Fresno, CA 93703
20 Beds
10 Baths
5,182 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,182 sqft
Price per Sqft $269
MLS Listing ID 643364
Bedrooms 20
Full Baths 10
HOA Y/N No
Year Built 1942
Lot Size 0.955 Acres
Property Sub-Type Multi Family
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.
Location
State CA
County Fresno
Interior
Heating Floor or Wall Heat
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Open
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Urban
Story 1
Foundation Concrete Perimeter
Water Public
Schools
High Schools Fresno Unified
Listed by The JKRE Investment Group