2 bedrooms 4.0 baths Quadruplex (4 units) in Merced, CA
Property DescriptionAttention Contractors or Investors! This is a unique building with 4 units on the first floor plus a huge office area. Upstairs are several rooms. 2 units are studios and 2 are 1 bedroom each. The building is vacant.
- Property Type: Quadruplex (4 units)
- Year Built:1910
- Square Footage:7840.00
- Lot Size: 11998.00 SqFt (0.28 acres)
- Baths:4.00 ()
- School District:Le Grand
- High School:Le Grand Union
- Junior High School:Le Grand
- Grade School:Le Grand Elem
- Listing Broker:Sheila Splitt
- Listing Office:Century 21 M & M and Associate
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.