4 bedrooms 2.0 baths Duplex (2 units) in Fresno, CA
Property Description$20k Price Reduction! Seller Motivated, Bring All Offers! An opportunity to own a split zoned property with a commercial store front on Palm and a residential home behind on Ferger. 1526 N Palm is block wall construction, has a showroom, back office/storage, and bathroom complete with shower. Central heat and cool, and currently vacant for the owner/user. It currently gets $850 per month base rent, NNN lease where tenant paid for property taxes and insurance. This could be owner user for the next buyer if they wish, we can relocate the tenant to another property if needed. The 3 bedroom 1 bathroom home behind the commercial building is on 1533 N Ferger, has central heating and cooling, laundry room inside, and gets $1,100 per month rent. Each unit has its own PGE meter. A great opportunity to diversify and have one property producing both residential and commercial rental income. PLEASE DO NOT DISTURB TENANT
- Property Type: Duplex (2 units)
- Year Built:1951
- Square Footage:2262.00
- Lot Size: 6000.00 SqFt (0.14 acres)
- Baths:2.00 ()
- School District:Fresno Unified
- High School:Fresno
- Junior High School:Hamilton
- Grade School:Muir
- Listing Broker:Aram Melikian
- Listing Office:Coldwell Banker Premier R. E.
Amenities / Utilities
- Tennis Court
A government loan program geared towards owner-occupied, first-time home buyers. Down payment can be as low as 3.5%. However, the buyer will have to pay the PMI (Principal Mortgage Insurance).
Down payment can be as low as 5%. For down payments lower than 20%, the buyer will have to pay PMI (Principal Mortgage Insurance). If the down payment is 20% or more, there will be no PMI charged to the buyer. When purchasing an owner-occupied property, interest rates may be lower as compared to purchasing an investment property. The limit for a conventional loan in Fresno County is $453,000. Loan limits are subject to change.
A loan above the conventional loan limit is considered a jumbo loan.