2702 E Hedges Ave Fresno, CA 93703
McLane NeighborhoodEstimated payment $8,970/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 |
|---|---|---|---|---|---|
| 05/21/2026 05/21/26 | Pending | -- | -- | -- | |
| 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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