12 bedrooms 4.0 baths Quadruplex (4 units) in Fresno, CA
Property DescriptionLarge 4-plex, perfect for any beginning investor. Property is fully rented with great, long-term tenants. Current rent income is $2836/month. Units 102 and 202 received notice of rent increase, starting May 1.
- Property Type: Quadruplex (4 units)
- Year Built:1984
- Square Footage:4000.00
- Lot Size: 10332.00 SqFt (0.24 acres)
- Baths:4.00 ()
- School District:Fresno Unified
- High School:Roosevelt
- Junior High School:Sequoia
- Grade School:Vang Pao
- Listing Broker:Brian Ferguson
- Listing Office:Dart Realty
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.