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.
Atwater is located in California. Atwater, California has a population of 31,401. Atwater is less family-centric than the surrounding county with 30.88% of the households containing married families with children. The county average for households married with children is 33.05%.
The median household income in Atwater, California is $59,436. The median household income for the surrounding county is $58,861 compared to the national median of $69,021. The median age of people living in Atwater is 34.1 years.
The average high temperature in July is 94.9 degrees, with an average low temperature in January of 37.7 degrees. The average rainfall is approximately 12.7 inches per year, with 0 inches of snow per year.
