2702 E Hedges Ave, Fresno, CA 93703

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.

Property Features