4 bedrooms 2.0 baths Duplex (2 units) in Merced, CA
Property DescriptionGreat investment property. Duplex in Le Grand. Front unit is a 2 bedroom, 1 bathroom home with a den that can be used a third bedroom and indoor laundry. The back unit is a 2 bedroom, 1 bathroom home with a single car garage. Long time tenants, great investment opprotunity. Call today for more information.
- Property Type: Duplex (2 units)
- Year Built:1960
- Square Footage:2118.00
- Lot Size: 42240.00 SqFt (0.97 acres)
- Baths:2.00 ()
- School District:Le Grand
- High School:Le Grand Union
- Junior High School:Le Grand
- Grade School:Le Grand Elem
- Listing Broker:Alexander Salazar
- Listing Office:Century 21 M & M and Associate
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.