Turnkey 10-Unit Apartment
2702 E Hedges Ave Fresno, CA 93703
2702 E Hedges Ave, Fresno, CA, 93703
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For Sale
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Turnkey 10-unit multifamily property featuring 2 bed/1 bath units built in 1942 and totaling approximately 5,180 square feet.
Property Size5,180 SF
Price / SF$270.08
Days on Market160
Property Features for 2702 E Hedges Ave
General Information
- Standard status
- Active
- Size
- 5,180 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1942
Listing agency
Colliers - Fresno, California
Listed by
Jeff Kim · License #CA 01456017
Source
Crexi
Added: Feb 12 Updated: Jul 22 at 7:02AM Checked: Jul 22 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Fresno, California
Investment Insights
Based on property information with market context.
Colliers | Fresno presents a turnkey 10-unit apartment building for sale in Fresno, California. The property totals approximately 5,180 square feet and includes units configured as 2 bedrooms and 1 bathroom, with each unit described as approximately 518 square feet. The building was built in 1942.
The property is centrally located near the intersection of First Street and Olive Avenue and is in close proximity to Freeways 41 and 180. The site is approximately 41,600 square feet and is zoned RM1.
This offering is presented as turnkey and is suited for buyers seeking an income-producing residential income property with consistent unit layouts throughout the building.
The property is centrally located near the intersection of First Street and Olive Avenue and is in close proximity to Freeways 41 and 180. The site is approximately 41,600 square feet and is zoned RM1.
This offering is presented as turnkey and is suited for buyers seeking an income-producing residential income property with consistent unit layouts throughout the building.
Key Highlights
- 10‑unit multifamily property at 2705 E. Hedges Avenue in Fresno, CA
- Approx. 5,180 SF building with 10 units; each unit is approx. 518 SF
- All units feature 2 bedrooms and 1 bathroom
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.8k | $21.96 |
| − Vacancy | −$5.7k | −$1.10 |
| EGI | $108.1k | $20.86 |
| − OpEx | −$48.6k | −$9.39 |
| NOI | $59.4k | $11.47 |
5,180 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$849.1K
$743.0K – $990.6K
NOI $59,436 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,853 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey 10-unit multifamily property featuring 2 bed/1 bath units built in 1942 and totaling approximately 5,180 square feet.
Where is this apartment building located?
The property is located at 2702 E Hedges Ave Fresno, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 10‑unit multifamily property at 2705 E. Hedges Avenue in Fresno, CA; Approx. 5,180 SF building with 10 units; each unit is approx. 518 SF; All units feature 2 bedrooms and 1 bathroom
