Atwater, CA 95301,562 Fortuna AVE
Atwater, CA 95301,562 Fortuna AVE
Atwater, CA 95301,562 Fortuna AVE
Atwater, CA 95301,562 Fortuna AVE
Atwater, CA 95301,562 Fortuna AVE
Atwater, CA 95301,562 Fortuna AVE
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HomeSmart ICARE Realty

HomeSmart ICARE Realty

+1(916) 993-8680
$ 720,000
Est. payment | /mo

3,536 SqFt

Save
$ 720,000
Est. payment | /mo
Save

3,536 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Hold

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

MetroList® Services, Inc
Listed by Better Homes and Gardens Real Estate Everything Real Estate
NEARBY SCHOOLS & PROPERTIES
SCHOOLSPROPERTIES
Elementary Schools 13
  • 7

    Frank Sparkes Elementary School

    Public | KG - 5

  • 7

    Mitchell Elementary School

    Public | KG - 6

  • 7

    Elmer Wood Elementary School

    Public | KG - 6

  • 7

    Peggy Heller Elementary School

    Public | KG - 6

  • 6

    Sybil N. Crookham Elementary School

    Public | KG - 5

  • 6

    Thomas Olaeta Elementary School

    Public | KG - 6

  • 5

    Aileen Colburn Elementary School

    Public | KG - 6

  • 5

    Winfield Elementary School

    Public | KG - 5

  • 5

    Bellevue Elementary School

    Public | KG - 6

  • 4

    Shaffer Elementary School

    Public | KG - 6

  • 0

    Landmark Christian School

    Private | PK - 12

  • 0

    St Anthony School

    Private | PK - 8

  • 0

    Atwater Junior Academy

    Public | KG - 5

Middle Schools 5
  • 6

    Winton Middle School

    Public | 6 - 8

  • 5

    Mitchell Intermediate School

    Public | 7 - 8

  • 4

    Bellevue Senior Elementary School

    Public | 7 - 8

  • 0

    Atwater Senior Academy

    Public | 6 - 8

  • 0

    Valley Atwater Community Day

    Public | 7 - 12

High Schools 2
  • 5

    Atwater High School

    Public | 9 - 12

  • 4

    Buhach Colony High School

    Public | 9 - 12

School and business data provided by Attom Data.
HomeSmart ICARE Realty

Helping real estate be simple, fun and stress-free!

+1(916) 993-8680

info@hsicare.com

1891 E. Roseville Parkway Suite 180, Roseville, CA, 95661

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562 Fortuna AVE