Property DescriptionCash Cow! 10.5% cap rate, great return. Fully rented 1 bed 1 bath units with long terms tenants. Easy to rent right off Olive Ave, near freeways, and shopping centers. Each unit has their own covered parking space. One unit has their own storage room. Rents are lower then market rent. All units are in good condition. Ready for a new owner. Do not disturb tenants or walk grounds. Make offer subject to inspection. Property sold as-is.
- Property Type:
- Year Built:1963
- Square Footage:2200.00
- Lot Size: 7740.00 SqFt (0.18 acres)
- Baths:5.00 ()
- School District:Fresno Unified
- High School:McLane
- Junior High School:Scandinavian
- Grade School:Norseman
- Listing Broker:Nicholas Guerrero
- Listing Office:Guarantee 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.