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https://www.londonproperties.com/property/link/fresno/643364/2702-E-Hedges-Ave/Fresno/https://www.londonproperties.com/images/props/fresno/full/643364.jpgLondon Properties Fresno Real Estate | 2702 E Hedges Ave
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.
Property Type
Multi Family
Property Subtype 1
5 to 15 Units
Year Built
1942
Region
Urban
Stories
One
Total Units
10
Price Per Square Foot
$270
Price Per Acre
$1,464,921
Days On London
1
Cumulative Days On London
1
County
Fresno
REO / Bank Owned
No
Cross Street Address
Olive/Fresno
Directions
Exit CA-41 at McKinley Ave and head west. Turn left (south) on Fresno St. Turn left (east) on Hedges Ave and continue to 2702 E Hedges Ave.
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Courtesy of Jin Kim, The JKRE Investment Group - [email protected] Last modified 2 weeks ago Fresno MLS last checked for updates 29 minutes ago
The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
