CA > Atwater
Atwater, CA 95301,562 Fortuna AVE
Atwater, CA 95301,562 Fortuna AVE
Atwater, CA 95301,562 Fortuna AVE
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Brittany Raymond

Brittany Raymond

+1(530) 334-3174
$720,000
Est. payment /mo
3,536 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Contingent

Purchase Type For Sale

Square Footage 3,536 sqft

Price per Sqft $203

MLS Listing ID 225152899

HOA Y/N No

Year Built 1990

Lot Size 9,300 Sqft

Acres 0.2135

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

Searching for a 3-bedroom fourplex in Atwater with strong rental income and future upside? 562 Fortuna Ave generates $4,815 per month in current rent, with pro forma rents at $1,600 per unit. The property offers a projected 7%+ cap rate using a 30% expense ratio. Each of the four units includes 3 bedrooms, 1 bathroom, and in-unit laundry hookups, totaling 3,536 square feet on a 9,300 square foot lot. One unit was fully remodeled in 2022, and the building received a new roof that same year. A large on-site parking lot offers easy access for all tenants. Located near In-Shape, Bellevue Bowl, shopping, and dining, this multifamily asset combines convenience with long-term rental appeal. With reliable income in place and value-add potential, this 3-bedroom fourplex in Atwater is a turnkey opportunity for investors looking to grow their portfolio in a stable Central Valley market. Photos include versions with and without tenant items for full transparency.

Location

State CA

County Merced

Area 20405

Direction Take Bellevue rd west, turn left on Alabama St, Turn right on Fortuna Ave and Property is on your left

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 884 Bedrooms: 3 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 1100 SqFt Source: Tax Record Unit-2 Approx SqFt: 884 Bedrooms: 3 Full Baths: 1 Total Rooms: 5 Rent: 1131 SqFt Source: Tax Record Unit-3 Approx SqFt: 884 Bedrooms: 3 Full Baths: 1 Total Rooms: 5 Rent: 1500 SqFt Source: Tax Record Unit-4 Approx SqFt: 884 Full Baths: 3 Partial Baths: 1 Total Rooms: 5 Rent: 1084 SqFt Source: Tax Record

Interior

Heating Central

Cooling Central

Flooring Tile, Vinyl

Appliance Ice Maker, Dishwasher, Microwave, Free Standing Electric Oven

Laundry In Each Unit

Exterior

Parking Features Other

Utilities Available Sewer Connected

Water Access Desc Public

Porch Balcony/Deck

Building

Lot Description Sidewalk

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Atwater Elementary

Middle Schools Atwater Elementary

High Schools Merced Union High

School District Merced

Others

Senior Community No

Tax ID 002-251-005-000

Special Listing Condition None

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MetroList® Services, Inc
Listed by Better Homes and Gardens Real Estate Everything Real Estate

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Brittany Raymond

Brittany Raymond

+1(530) 334-3174

Mortage Specialist & Realtor | CalBRE: 02016199

Mortage Specialist & Realtor CalBRE: 02016199

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