20041 Carol Drive, Hilmar, CA 95324
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
20041 Carol Drive,Hilmar, CA 95324
$1,450,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: jordan amarant
Office: pmz commercial real estate
MLS#:226087951
Source:MFMLS
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Price summary
- Price:$1,450,000
About this home
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....
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Home facts
- Year built:1968
- Listing ID #:226087951
- Added:87 day(s) ago
- Updated:October 06, 2026 at 04:53 AM
Rooms and interior
- Flooring:Carpet, Varies by Unit
Heating and cooling
- Cooling:Central
- Heating:Central
Structure and exterior
- Year built:1968
- Lot Features:Cul-De-Sac
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,450,000
Features and amenities
- Laundry features:In Common Area
Parking
- Total parking spaces:7
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