Listed by Colliers - Fresno, California
$1,399,000
2702 E Hedges Ave
Details
APN 451-312-01
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,180
Units 10
Cap Rate 6.00%
NOI $93,000
Occupancy 100%
Pro-Forma Cap Rate 6.88%
Price per SqFt $270
Class C
Year Built 1942
Lot Size (SqFt) 41,600
Zoning RM1
Parking Spaces 6 spaces
Parking Per SqFt 1.16
10 Units in Fresno
Marketing description
Colliers | Fresno is pleased to present this 10-unit turnkey property available for sale located at 2705 E. Hedges Avenue in Fresno, California. This 10-unit property totals approximately 5,180 square feet. Each unit has 2 bedrooms/1 bathroom and is approximately 518 square feet.
Centrally located in Fresno, California, the property is near the intersection of First Street and Olive Avenue, and is in close proximity to both Freeways 41 and 180. Built in 1942, the building is situated on approximately 41,600 square feet of land and zoned RM1
Investment 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
- Property comes with an adjacent vacant lot, providing opportunity to develop and increase cash flow
- 4 of 10 units recently renovated
- Fence around the perimeter of the property
- Fully occupied
- Landlord pays all utilities including P.G.&E. (One master meter), water, sewer and trash.
Listing Contacts
Listed by Colliers - Fresno, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,000.00
$7,750.00/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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