Property DescriptionPresenting rare, pride of ownership 5-plex located in great rental area of city Clovis. This complex is conveniently located in renowned Clovis School District and is within walking distance to major shopping, dining and entertainment. In recent months this complex has gone through major renovation. All you need to do is collect the rents. Unit mix and proforma rents are: One 3bed/2bath rents for $1,185 ,Two for $1,050 and Two are 2bed/2bath that rent for $950 & $985. All units come with fireplaces, washer dryer hook ups and detached 2 car garages. This property enjoys very low vacancy with long term tenants. This very easy to rent, low maintenance building and will make a great addition to a savvy investor. Please do not walk the ground or disturb the tenants. Please contact your realtor and submit your offers subject to walk through inspection while this property is still available
- Property Type: 5 to
- Year Built:1984
- Square Footage:5652.00
- Lot Size: 30056.00 SqFt (0.69 acres)
- Baths:10.00 ()
- School District:Clovis Unified
- High School:Clovis
- Junior High School:Clark
- Grade School:Jefferson
- Listing Broker:Harpreet Deol
- Listing Office:RE/MAX Gold
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.