8 bedrooms 4.0 baths Quadruplex (4 units) in Fresno, CA
Property DescriptionInvestment Opportunity: Well-maintained quadruplex. All units are 2 bed/1 bath, with designated parking stalls and an additional storage room for each unit out back. Property currently rents for $650/unit on average, which is below market rent and has potential to be increased if desired. Per Seller: 1 HVAC unit is old and will eventually need to be replaced. Property is being sold as-is. Seller will not make any repairs. Drive by property but please do not disturb tenants. Showings by appointment only.
- Property Type: Quadruplex (4 units)
- Year Built:1969
- Square Footage:3852.00
- Lot Size: 13500.00 SqFt (0.31 acres)
- Baths:4.00 ()
- School District:Kings Canyon
- High School:Reedley
- Junior High School:Grant
- Grade School:T.L. Reed
- Listing Broker:Jennifer Khy
- Listing Office:Guarantee Real Estate
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.