Property DescriptionNice investment property, 2 units are now being rented with the main home has the ptential to collect $1500 monthly. Property is being sold as is and seller has limited knowledge of the complex, buyers to verify. With new tenant, annual income can be approximately $33,000 and expenses are currently very minimal. Do not disturb tenants, submit offer prior to inspections.
- Property Type: Quadruplex
- Year Built:1930
- Square Footage:5242.00
- Lot Size: 14375.00 SqFt (0.33 acres)
- Baths:7.00 ()
- School District:Sanger
- High School:Sanger
- Junior High School:Washington Academic
- Grade School:Lincoln
- Listing Broker:Rogelio Guizar
- Listing Office:Universal Lending & Realty 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.