5 bedrooms 3.0 baths Triplex (3 units) in Fresno, CA
Property DescriptionMayfair moneymaker. Popular rental area with some long term tenants. Fully rented. All units have garages and yards. Buyer to cooperate in Seller's IRC 1031 exchange at no cost to Buyer.
- Property Type: Triplex (3 units)
- Year Built:1953
- Square Footage:1828.00
- Lot Size: 10125.00 SqFt (0.23 acres)
- Baths:3.00 ()
- School District:Fresno Unified
- High School:McLane
- Junior High School:Yosemite
- Grade School:Wilson
- Listing Broker:Glenn Hammerburg
- Listing Office:Realty Fresno
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.