20041 Carol Drive, Hilmar, CA 95324
- $1,195,000
- 6,444
- SqFt
- List Price
- $1,195,000
- MLS#
- 226087951
- Status
- PENDING
- Living Sq. Ft
- 6,444
- Square Footage
- 6444
- Type
- Single Family Residential
- Zip
- 95324
- City
- Hilmar
Property Description
Please submit all Highest and Best Offers by Monday July 20th. very clean and well maintained 7-unit multifamily investment opportunity in Hilmar, CA. Sale offering includes a two story fourplex and one story triplex each on separate parcels, covered parking, and six on site storage units for added income potential. Situated on a total combined 18,748 SF across two legal parcels and two separate buildings, the property offers a desirable unit mix of four 2-bedroom/1.5-bath units and three 2-bedroom/1-bath units with private backyards. The investment presents pride of ownership curb appeal, with clean landscaping, quality roofs, and solid bones throughout. Each unit is equipped with central heating and air, adding to tenant comfort and appeal. Property has been kept in great working order, offering a new investor a turnkey asset with minimal maintenance to worry about heading into ownership. Currently generating $108,468 in annual income with room to grow to a proforma total of $136,068, this property presents an attractive value add opportunity for investors. At the proforma level, the property delivers a strong 8.16% cap rate, with rents still below market and clear upside as units turn over. Ideally located in the desirable small town of Hilmar near local schools, retail, and dining, this is a rare opportunity to acquire a well maintained multifamily asset with immediate cash flow and excellent long term upside.
Additional Information
- Land Area (Acres)
- 0.43
- Year Built
- 1968
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- See Remarks
- Foundation
- Slab
- Stories
- 2
- Garage
- Covered
- Floor Coverings
- Carpet, Varies by Unit
- Laundry Description
- Coin Operated, In Common Area
- Cooling
- Central
- Heat
- Central
- Water
- Public
- Utilities
- Sewer Connected
- Sewer
- Public Sewer
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Listing courtesy of PMZ Commercial Real Estate.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .