$1,399,000

2702 E Hedges Ave, Fresno, CA 93703

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20 bd · 10.0 ba · 5,182 sqft · $270/sqft · 0.96 acres

Residential Income · Multi Family · Built 1942 · 242 days on Properkey

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.

Agent & source

Listed by
Jin Kim
Brokerage
The JKRE Investment Group
DRE
#01456017
MLS # 643364 Source FRESNO

Property details

Rooms & Layout

Levels
One
Bedrooms
20
Bathrooms
10.0 (10 full)

Property Features

Lot features
Urban

Building & Construction

Construction Materials
Stucco
Roof
Composition
Foundation
Concrete Perimeter

Exterior & Parking

Parking
Open parking, Open

Interior & Comfort

Heating
Floor or Wall Heat
Cooling
Wall/Window Unit(s)

Utilities

Water Source
Public
Electric
On
Public Utilities

Nearby

Active Pending Closed Rental
High
Fresno Unified District

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  3. 3.Finalize your offer. Your agent will prepare your offer and negotiate on your behalf.
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