8 bedrooms 4.0 baths Quadruplex (4 units) in Fresno, CA
Property DescriptionAttention, investors! Nice 4plex featuring all 2 bedroom 1 bathroom units situated near the Blackstone corridor and Fresno City College. This property was rehabbed in 2014 (i.e., newer paint, flooring, cabinets, countertops, fixtures, appliances, electrical panels) and also features HVAC and dual pane windows in all units. There is a good sized parking lot in front for the units including both covered, and uncovered, stalls. Professionally managed by Realty Fresno. Currently the gross monthly rents total $2550. There is additional income with laundry machines (this has not been included in the pro forma income).
- Property Type: Quadruplex (4 units)
- Year Built:1984
- Square Footage:3272.00
- Lot Size: 6750.00 SqFt (0.16 acres)
- Baths:4.00 ()
- School District:Fresno Unified
- High School:Fresno
- Junior High School:Fort Miller
- Grade School:Heaton
- Listing Broker:Bobby Ward
- Listing Office:London Properties, Ltd.
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.