2702 E Hedges Ave Fresno, CA 93703
McLane NeighborhoodEstimated payment $9,022/month
Highlights
- 0.96 Acre Lot
- 1-Story Property
- Heating Available
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
Lot Details
- 41,600 Sq Ft Lot
Parking
- Uncovered Parking
Home Design
- Composition Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 5,182 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Community Details
- 10 Units
- Gross Income $144,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/17/2026 06/17/26 | For Sale | $1,399,000 | 0.0% | $270 / Sq Ft | |
| 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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