10 bedrooms 8.0 baths Quadruplex (4 units) in Fresno, CA

$300,000

MLS Number: #490100

Print Bookmark This Page

Property Description

Seller 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

Quick Summary

Overview

Property Type: Quadruplex (4 units)
Neighborhood:722
Year Built:1986
Square Footage:4268.00
Lot Size: 9525.00 SqFt (0.22 acres)

Interior/Exterior

Baths:8.00 ()

Amenities / Utilities

Assigned Schools

School District:Central Unified
High School:Central
Junior High School:El Capitan
Grade School:McKinley

Listing Agent

MLS:Fresno
Listing Broker:Puneet Bhargava
Listing Office:Century 21 M & M and Associates

General Amenities

Solar
Tennis Court

Financing

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.

Home Price $

Down Payment $

Loan Amount $

Interest Rate %

Mortgage Period Years

APR %

Mortgage Payment: <%mortgage.monthlyPayment | currency:"$":0%> ^*/monthly