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2702 E Hedges Ave, Fresno, CA, 93703

20beds
10baths
5,182sqft
$1,399,000
$270price/sqft
$9,545/moest. monthly cost
$381,800/yrincome needed

About This Home

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.

Getting Around

70
WalkingSomewhat Walkable
46
TransitSome Transit
70
BikeVery Bikeable

Schools

6/10
2/10
Tehipite Middle SchoolGrades 7-80.5 mi
3/10
Roosevelt High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1942

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 20
  • Bathrooms: 10

Features

  • Fireplace features: None

Heating & Cooling

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

Interior Area

  • Total structure area: 5,182
  • Total interior livable area: 5,182 sqft

Property

Details

  • Parcel number: 45131201

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.96 Acres
  • Features: Urban

Parking

  • Parking features: Open
  • Has uncovered spaces: Yes