41
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$720,000
Est. payment /mo
12 Beds
9,300 Sqft Lot
Active Under Contract
562 Fortuna Atwater, CA 95301
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID MC25278759
Bedrooms 12
Lot Size 9,300 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction Take Bellevue rd west, turn left on Alabama St, Turn right on Fortuna Ave and Property is on your left
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 002251005000
Acceptable Financing Cash, Conventional, Exchange, FHA
Listing Terms Cash, Conventional, Exchange, FHA
Listed by Eric Jaurique-Pouncey BHGRE Everything Real Estate
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