2702-2720 E Hedges Ave - Apartments FOR SALE


Fresno, CA 93703- McLane
$1,399,000 USD
760-987-5332
2702-2720 E Hedges Ave, Fresno, CA for Sale
$1,399,000 USD
Apartments - FOR SALE
1/9
null | 6.88% Cap Rate

2702-2720 E Hedges Ave
Fresno, CA 93703
McLane


HIGHLIGHTS

  • Qualifies for housing assistance programs such as Section 8
  • Strong cash flow potential and a solid foundation for investors seeking portfolio growth
  • Centrally located in Fresno and in close proximity to Freeways 41 and 180
  • Seller will consider seller financing with significant down payment
  • Property comes with an adjacent vacant lot, providing opportunity to develop and increase cash flow
  • Turnkey condition

OVERVIEW

Six out of the ten units have been renovated in recent years. The adjacent vacant lot has been approved for 5 additional units. Landlord pays all utilities including: P.G.&E., water, sewer and trash.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

10

PRICE/UNIT

$139,900

CAP RATE

6.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1942

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

RM1

APN/PARCEL ID

451-312-01

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

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Jeffrey KimColliersMore Info
760-987-5332

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.