Home | Merced County | Hilmar | 95324 | 20041 Carol Dr
MLS: ME226087951 | Status: | Price: $1,195,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,444 | 0.43 | – |
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 wel
| Field | Value |
|---|---|
| MLS # | ME226087951 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Flooring | Carpet, Varies by Unit |
| Laundry | Coin Operated |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Covered Parking, Garage: 0 Car(s) |
| Elementary District | Hilmar Unified |
| High School District | Hilmar Unified |
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
| Zoning | R-3 |
Jordan Amarant
PMZ Commercial Real Estate
License #: 01911219
Phone: (209) 345-8209
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 7 | 7 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 891 | 2 | 1/0 | $1,200 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Hilmar High School | public | 9-12 | 0.23 mi | 5 |
| Irwin High (Continuation) School | public | 9-12 | 0.23 mi | N/A |
| Elim Elementary School | public | 3,4,5 | 0.38 mi | 5 |
| Hilmar Middle School | public | 6-8 | 0.55 mi | 4 |
| Delhi High School | public | 9-12 | 3.52 mi | 4 |
| Delhi Middle | public | 7-8 | 3.52 mi | 2 |
| Harmony Elementary School | public | K-6 | 3.73 mi | 7 |
| Schendel Elementary School | public | K-6 | 4.24 mi | 7 |
| El Capitan Elementary School | public | K-6 | 4.79 mi | 4 |
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This listing information is up-to-date as of July 10, 2026. For the most current information, please contact Jordan Amarant, (209) 345-8209.