Property DescriptionJust lowered the price and have completed some repairs, including a new heating and cooling. Increased rents for year 2017 with a nice increase to the annual income. All 6-units are occupied located in a popular easy to rent area close to Fresno State, Fashion Fair shopping center, schools, bus stops. 5-Townhouses with large two bedrooms upstairs with one bath/double sinks, bath/shower. Down stairs 1/2 bath. 1-single level 2/1 upstairs over the garages. All 5-units are have their own private back yards connected to the townhouses. Washer/dryer coin-op machines are owned, with a fair income.
- Property Type:
- Year Built:1965
- Square Footage:6632.00
- Lot Size: 9225.00 SqFt (0.21 acres)
- Baths:6.00 ()
- School District:Fresno Unified
- High School:Hoover
- Junior High School:Tioga
- Grade School:Thomas
- Listing Broker:Janet Bauer
- Listing Office:Bauer Real Estate
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.