Off Market

562 Fortuna Avenue, Atwater, CA 95301

562 Fortuna Avenue, Atwater, Merced, CA, 95301
4 months ago
Views: 47

$720,000(Negotiable)

Overview

3483845

Type

Quadruplex

Parking

Sqft

3536

Build Year

1990

Purpose

For Sale

About This Listing

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.

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MetroList CA data Last Updated: January 15, 2026, 9:46 pm

Data Source: SACM