Property DescriptionMichaels Towing of Sanger (MT) is an AAA contracted station in Sanger, California. MT covers eastern Fresno County, all of Pine Flat Lake, and East to Balch Camp. Office and storage yard offer secure vehicle storage, leon car sales and processing of client's paperwork. Current owners have owned the business since 2003. Sales have increased steadily at 8.5% annually during that time. Sales have accelerated recently with the completion of freeway 180 into a super highway from Fresno to Sanger. MT has enjoyed extremely low turnover in personnel. Current staff includes 2.5 drivers and one office manager. Additional financial information is available upon request.
- Property Type: Service
- Year Built:1960
- Square Footage:960.00
- Lot Size: 7405.00 SqFt (0.17 acres)
- Baths:0.00 ()
- Listing Broker:Matthew Peterson
- Listing Office:Investment Commercial Specialists Inc.
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.