Atwater, CA 95301,562 Fortuna
Atwater, CA 95301,562 Fortuna
Atwater, CA 95301,562 Fortuna
Atwater, CA 95301,562 Fortuna
Atwater, CA 95301,562 Fortuna
Atwater, CA 95301,562 Fortuna
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$ 720,000
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$ 720,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID MC25278759

HOA Y/N No

Year Built 1990

Property Sub-Type Quadruplex

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

Interior

Interior Features Balcony

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Type None

Inclusions All appliances included with leases

Fireplace No

Appliance Gas Cooktop

Laundry Inside

Exterior

Parking Features Paved

Fence Average Condition

Pool None

Community Features Storm Drain(s), Street Lights, Sidewalks

Utilities Available Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility None

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 002251005000

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

CRMLS – RECore
Listed by Eric Jaurique-Pouncey BHGRE Everything Real Estate 209-769-3934

GET MORE INFORMATION

Joel Silverthorn
Joel Silverthorn

Agent | License ID: 01958131

+1(619) 244-5086

1420 Kettner Blvd # 100, Diego, Ca, 92101

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562 Fortuna