Pending

Fortuna Avenue

Atwater, CA 95301

$720,000 $3,035/Mo

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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 tur nkey 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.

Property Details

Property Type : ResidentialIncome

Price : $720,000

AD Id : 71376396

MLS Id : 225152899

Living Area Size : 3,536

Year Built : 1990

County : Merced

Map

Features

Water/Sewer

Sewer: Public Sewer

Room Information
Flooring Information

Tile, Vinyl
Interior Features

Appliances: Ice Maker, Dishwasher, Microwave, Free Standing Electric Oven Laundry Features: In Each Unit
Heating & Cooling

Heating: Central Cooling: Central WaterSource: Public

Building Information

Year Built: 1990 Stories: 2 Construction Materials: Stucco Foundation Details: Slab
Exterior Features

Foundation Details: Slab

Porch: Balcony/Deck
Laundry Features

In Each Unit

Patio And Porch

Balcony/Deck

Lot Information

Lot Description: Sidewalk Lot Square Feet: 9,300 Main Square Feet: 3,536

Property Information

Property Type: ResidentialIncome Sub Type: Quadruplex SQ ft (Living Area): 3,536 Construction Materials: Stucco Property Age: 36 Cross Street: Alabama St Source Neighborhood: 20405 Postal Code Plus 4: 2909 Area: Atwater S: 95301 Zoning: R325 Living Area Source: Assessor Auto-Fill Structure Type: Apartments

Farm Info

Irrigation Source: None

Listing Price Information

Listing Id: 225152899 List Price: $720,000 List Price Tot SqFt: $204

Tax Information

Parcel Number: 002-251-005-000

Parking Information

Other

Elementary School District: Atwater Elementary

Junior High School District: Atwater Elementary

Senior High School District: Merced Union High
Utility Information

Sewer Connected
Location Information

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

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