$1,299,999
2702 E Hedges Avenue
Fresno CA 93703Multi Family / 5 to 15 Units
20 Bedrooms / 10
Fresno Unified
One-Time Opportunity – 10 Units + Entitled Lot | $93K NOI | 6.64% Cap | $1,299,000 This Week OnlyThis is a rare one-time offer to own a fully stabilized 10-unit multifamily property in Fresno with immediate income and major upside.Seller is offering this property at $1,299,000 for this week only after that, it comes off the table or gets developed.The property is currently producing $93,000 in annual NOI with a 6.64% cap rate. Included in the sale is a vacant lot with city-approved plans to build 5 additional units. Once developed, projected NOI climbs to $145,000+, delivering a pro forma cap rate of 10.3%+.Rents are currently under market units can be raised to $1,300 each to match current comps, increasing gross income to $13,000/month and pushing this deal over the 1% rent rule threshold.Highlights:10 turnkey units – fully rented$12,000 monthly gross income (room to raise)$93,000 annual NOICity-approved lot for 5 additional unitsProjected NOI: $145,000+Cap rate today: 6.64%Cap rate after buildout: 10.3%+Stable tenants, low maintenanceHigh-demand rental corridor in FresnoThis property is ideal for 1031 exchange buyers, value-add investors, or developers looking for cash flow now with scalable upside built in.Seller will honor the $1,299,000 price for one week only. After that, it’s off the market or getting built out.Buy it. Build it. Bank it. Let’s make a deal.
Status:
Active
MLS:
628721
Property Type:
Multi Family
Square Feet:
5,500 (approx)
Lot Size:
1,812,096,000 sqft / 41,600.00 acres (approx)
Listed:
Apr 15, 2025
Year Built:
1942
Updated: Wednesday, May 14 2025
valleyharvestproperties.com/ca/fresno/2702-e-hedges-avenue/
2702 E Hedges Avenue
Fresno, CA
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