2702 E Hedges Ave Fresno, CA 93703
McLane NeighborhoodEstimated payment $8,860/month
Highlights
- Heated Floors
- 0.96 Acre Lot
- 1-Story Property
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1942
Parking
- Uncovered Parking
Home Design
- Composition Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 5,182 Sq Ft Home
- 1-Story Property
- Heated Floors
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Bathrooms
Additional Features
- 41,600 Sq Ft Lot
- Cooling System Mounted To A Wall/Window
Community Details
- 10 Units
- Gross Income $144,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/28/2026 01/28/26 | For Sale | $1,399,000 | +27.2% | $270 / Sq Ft | |
| 12/02/2022 12/02/22 | Sold | $1,100,000 | -18.5% | $212 / Sq Ft | View Prior Sale |
| 10/17/2022 10/17/22 | Pending | -- | -- | -- | |
| 10/04/2022 10/04/22 | For Sale | $1,350,000 | -- | $261 / Sq Ft |
Source: Fresno MLS
MLS Number: 643364
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Ask me questions while you tour the home.