Property DescriptionThe maximum amount FresnoHousing Authority pays on a 3 bed voucheris $ 1400, for a 2 bed voucheris $ 1006.Presenting This fourplex, Units are like townhouses. 2 units are 3 bed 2.5 baths, 2 units 2 bed 2.5 bath .Every unit has 1 car garage, washer dryer hookups.Small yard with every unit. Tenants love these. There is community pool, Gated community for security.Good cash flow from the day of closing as all units are rented.Nice neighborhood. HOA dues are $ 1050 pm for whole building. HOA pays for water,sewer,garbage, security, upkeep of the power gates, Gardner, roof, the exterior of the building) and pool, the exterior insurance, trash picup from grounds,landscaping, street lights in complex, main sewer lines in complex. HOA dues are very reasonable.Currently the rents are low for this fourplex- Similar building in complex is bringing $4700 gross rent, See attached document. Currently the rents are low, needs to be increased. Lot of potential. ( Interior pictures are not current )
- Property Type: Quadruplex
- Year Built:1990
- Square Footage:4328.00
- Lot Size: 3150.00 SqFt (0.07 acres)
- Baths:10.00 ()
- School District:Central Unified
- High School:Central
- Junior High School:El Capitan
- Grade School:McKinley
- Listing Broker:Puneet Bhargava
- 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.