4 bedrooms 2.0 baths Duplex (2 units) in Fresno, CA
Property DescriptionLarge Duplex on Corner lot in a great neighborhood. Perfect buy for an investor. Each unit is a spacious 1,063 sq ft...units are in good condition. Nice tile roof, each unit has 1 car garage and driveway parking. Both units rented to long term tenants. Property brings in $1,972.00 per month, tenants split the water and garbage expense each month. Projected expense are taxes, insurance, maintenance. Net Income $18,539 makes this a 7.5% cap...This is a real money maker!
- Property Type: Duplex (2 units)
- Year Built:1951
- Square Footage:2127.00
- Lot Size: 9045.00 SqFt (0.21 acres)
- Baths:2.00 ()
- School District:Fresno Unified
- High School:Fresno
- Junior High School:Wawona
- Grade School:Fremont
- Listing Broker:Matthew Garabedian
- Listing Office:Royal Realty Property Management & Investment 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.