CA > Fresno
Fresno, CA 93703,2702 E Hedges AVE
Fresno, CA 93703,2702 E Hedges AVE
Fresno, CA 93703,2702 E Hedges AVE
Fresno, CA 93703,2702 E Hedges AVE
Fresno, CA 93703,2702 E Hedges AVE
Fresno, CA 93703,2702 E Hedges AVE
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Vito Cuttone

Vito Cuttone

+1(559) 355-6969
$ 1,399,999
Est. payment | /mo

20 Beds

10 Baths

5,500 SqFt

Save
$ 1,399,999
Est. payment | /mo
Save

20 Beds

10 Baths

5,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $254

MLS Listing ID 628721

Bedrooms 20

Full Baths 10

HOA Y/N No

Year Built 1942

Lot Size 0.955 Acres

Property Sub-Type Multi Family

Property Description

Rarely does an opportunity come along that checks all the boxes for both immediate cash flow and long-term upside. This fully stabilized 10-unit multifamily property is generating $93,000 in actual NOI, offering a solid 6.64% cap rate on day one.What sets this property apart is the included vacant lot with city-approved plans to build an additional 5 units. Once developed, projected net operating income increases to $145,000+, pushing the pro forma cap rate to 10.3%+📍 Key Features:10 Turnkey Units - Fully Rented$12,000 Monthly Gross Income$93,000 Annual NOICity-Approved Lot for 5 Additional UnitsPro Forma NOI: $145,000+Cap Rate Today: 6.64%Cap Rate After Buildout: 10.3%+Low Maintenance | Stable Tenants | Room to Raise RentsLocated in a high-demand rental corridor in Fresno, this property is ideal for 1031 buyers, value-add investors, or developers looking to expand their portfolio with cash flow now and scalable upside built in.Don't miss this opportunity to own a high-performing asset with entitlement leverage already in place. Buy it. Build it. Bank it.

Location

State CA

County Fresno

Interior

Heating Floor or Wall Heat

Cooling Wall/Window Unit(s)

Fireplaces Type None

Appliance Washer/Dryer(s) Leased

Exterior

Parking Features Open

Garage Spaces 6.0

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Urban

Story 1

Foundation Wood Subfloor

Sewer On, Public Sewer

Water Public

Schools

High Schools Fresno Unified

Fresno MLS
Listed by Nicholas Bien, Broker
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 355-6969

vito@cuttonegroup.com

5380 N Fresno St, Fresno, California, 93710, USA

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2702 E Hedges AVE