5 bedrooms 4.0 baths Quadruplex (4 units) in Fresno, CA
Property DescriptionTower District area 4plex featuring (1) 2 bedroom 2 bath unit that takes up the bottom floor of the building; and (2) 1 bedroom 1 bath units and (1) studio that are all on the second level of the building. There is a common staircase on the side of the property that accesses all (3) upstairs units. The property was rehabbed in 2016 and the units are still in pretty good condition. Currently, only the downstairs unit (538 N Echo) is occupied. All (3) upper units (536 N Echo #1,2,3) are vacant.
- Property Type: Quadruplex (4 units)
- Year Built:1922
- Square Footage:2576.00
- Lot Size: 7000.00 SqFt (0.16 acres)
- Baths:4.00 ()
- School District:Fresno Unified
- High School:Fresno
- Junior High School:Tehipite
- Grade School:Muir
- 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.