Property DescriptionThis multi-family property feels like a little community all unto itself! (6) bungalows and a duplex make up the (8) total units at this property. The unit mix consists of (1) 2 bedroom bungalow, (5) 1 bedroom bungalows and a duplex in the rear that has (1) 2 bedroom unit and (1) studio. Currently, all units are occupied except for the studio which just recently went vacant. There is an onsite laundry room for additional income (leased machines) and garages along the rear alley. Updated with dual pane windows, this is a really neat property that offers the owner an alternative to traditional apartments and provides the tenants with more space and comfort.
- Property Type:
- Year Built:1941
- Square Footage:4100.00
- Lot Size: 15000.00 SqFt (0.34 acres)
- Baths:8.00 ()
- School District:Fresno Unified
- High School:Roosevelt
- Junior High School:Yosemite
- Grade School:Jackson
- 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.