For Sale
New

20041 Carol Drive, Hilmar, CA 95324

$1,195,000(Negotiable)
$1,195,000(Negotiable)
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Overview

ID
3509400
Type
5 or More Units
Parking
Yes
Sqft
6444
Build Year
1968
Purpose
For Sale

About This Listing

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.

Last checked: 1 hour ago
Listing updated: July 10, 2026, 10:31 pm
Listed By: Jordan R Amarant, PMZ Commercial Real Estate
Source: MLS Metrolist, MLS#:226087951

Map Location

20041 Carol Drive,95324,Hilmar,Merced,CA

Walk Score

All data, photos, visualizations, and information regarding a property, including the property’s compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
MetroList CA data Last Updated: July 10, 2026, 10:31 pm
Data Source: SACM
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