Sold on Jun 24, 2026 for $750,000

4421 E Hedges Ave, Fresno, CA 93703

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12 bd · 6.0 ba · 4,608 sqft · $174/sqft · 0.24 acres

Residential Income · Multi Family · Built 1967

Description

Rare opportunity to acquire Day 1 cashflow at this price point. This turnkey 6-unit property consists of all 2-bedroom, 1-bathroom units, each approximately 703 square feet. This property was completely renovated in 2020 with a new roof, windows, exterior paint, and plumbing fixtures. Recent unit upgrades include new flooring, paint and upgraded appliances. With rents near market value and a Day 1 cap rate of 6.8%, this property offers strong cash flow potential and a solid foundation for investors seeking reliable returns and portfolio growth. Current monthly gross rents total $7,718/m. Conveniently located near Highways 180 and 168, residents have easy access to nearby schools, parks, shopping centers, and other key amenities. Please do not disturb tenants or walk grounds. Walk-through and inspections will be granted upon offer acceptance.

Agent & source

Listed by
Jin Kim
Brokerage
The JKRE Investment Group
DRE
#01456017
Bought with
Puneet Bhargava
MLS # 645551 Source FRESNO

Property details

Rooms & Layout

Levels
Multi/Split
Bedrooms
12
Bathrooms
6.0 (6 full)

Property Features

Lot features
Urban

Building & Construction

Construction Materials
Stucco
Roof
Composition
Foundation
Concrete Perimeter

Exterior & Parking

Parking
Carport, Carport

Interior & Comfort

Heating
Yes
Cooling
Central Heat/Cool

Utilities

Water Source
Public
Electric
On
Public Utilities

Nearby

Active Pending Closed Rental
High
Fresno Unified District

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