10 bedrooms 8.0 baths Quadruplex (4 units) in Fresno, CA
Property DescriptionSeller will carry with 25 % down,2 units of 3 bed/2 baths, 2 units have 2 bedrooms 2 baths. .Every unit has 1 car garage, washer dryer hookups. 2 bedroom units are on first floor, 3 bed units are on second floor. Small yard with every unit. Tenants love these. There is community pool, Gated community for security.Good cash flow from the day of closing as all units are rented.Nice neighborhood. HOA dues are $ 995 pm for whole building. HOA pays for water,sewer,garbage, security, upkeep of the power gates, gardner, roof, the exterior of the building (Painting) and pool, the exterior insurance, trash picup from grounds,landscaping, street lights in complex, main sewer lines in complex.HOA dues are very reasonable.Currently the rents are low for this fourplex- Now a days- (Fresno Housing Authority rents go up to $ 910 for 2 bedroom units and for 3 bed unit $ 1272 this is effective 10/1/17---This may be potential rent at some time in future) Calculate your potential Rate of Return
- Property Type: Quadruplex (4 units)
- Year Built:1986
- Square Footage:4268.00
- Lot Size: 9525.00 SqFt (0.22 acres)
- Baths:8.00 ()
- School District:Central Unified
- High School:Central
- Junior High School:El Capitan
- Grade School:McKinley
- Listing Broker:Puneet Bhargava
- Listing Office:Century 21 M & M and Associates
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.