Property DescriptionTwo Building package deal!!! Great Package Opportunity for Investor to secure 2 properties with a combined 15 units of all 1 Bed - 1 Bath. The package has been owned by an investor for 10+ years with no rent increases and offers the opportunity for the new owner to raise rents and enjoy increased cash flow. The properties are 2601-2619 E. Lamona and 1608-1616 E. Vassar Fresno, Ca 93704. Securing units that offers easy value creation is hard to find in this market given low supply.Do not disturb tenants. Make all offers subject to inspection. Property is to be sold as-is.
- Property Type:
- Year Built:1957
- Square Footage:4482.00
- Lot Size: 14300.00 SqFt (0.33 acres)
- Baths:15.00 ()
- School District:Fresno Unified
- High School:Roosevelt
- Junior High School:Tehipite
- Grade School:Webster
- Listing Broker:Amanda Santana
- Listing Office:Realty Unlimited Group
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.