12 bedrooms 6.0 baths Triplex (3 units) in Fresno, CA
Property DescriptionCash Cow, great return on your money! 11 percent cap rate cash and 18 percent with a loan. Located in easy to rent area Central Fresno. Convenient location near restaurants, shopping, schools, and Freeways. All three units are rented out to section 8 tenants. Two were recently rented and one is long term. Good turn over averaging 3 years. Each unit is 1320 sqft. Property is being sold as is and is ready for a new owner. All 3 are identical with indoor laundry room, 2 story, 4 bedrooms, 2 baths, central heating, and a back patio. Each have their own 1 car garage and property is fenced front and back. Do not walk grounds or disturb tenants. Make offer subject to inspection.
- Property Type: Triplex (3 units)
- Year Built:1975
- Square Footage:3960.00
- Lot Size: 5800.00 SqFt (0.13 acres)
- Baths:6.00 ()
- School District:Fresno Unified
- High School:McLane
- Junior High School:Yosemite
- Grade School:Hidalgo
- Listing Broker:Nicholas Guerrero
- 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.