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20041 Carol Drive Hilmar, CA $ 1,195,000
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$ 1,195,000 Get more info
20041 Carol Drive
$ 1,195,000
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Share Save

20041 Carol Drive

Hilmar, CA, 95324
$ 1,195,000
Bedrooms2 Baths1.0 Sq 6,444

Monthly Estimate*

$ 7,545

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Multi-Family Home for sale in Hilmar, CA

for $1,195,000 with 2 bedrooms and 1 full bath. This 6,444 square foot home was built in 1968 on a lot size of 0.43.

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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Multi-Family Pending

Price

$ 1,195,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

5 or More Units

Lot Size

0.43

Year Built

1968

Town/City

Hilmar

County/Region

Merced

MLS | Web ID

226087951
Features
General
Sewer Public Sewer
Heating Central
Cooling Central
Utilities Sewer Connected
Unit 4 Rent 0
Unit 2 Rent 0
Unit 3 Rent 0
Unit 1 Rent 1200
HOA Fee 0
Garage Spaces 0.0
Construction Materials See Remarks
Year Built 1968
Stories Count 2
Property Subtype 5 or More Units
Elevation 0
County Merced
Property Type Residential Income
HOA N
Total Rooms 0
Close Price 0.0
Status Pending
Directions Hwy 165 to Carol Dr to address
City Hilmar
High School District Hilmar Unified
Zoning Description R-3
Open Parking Spaces 0.0
Number Of Units Total 7
MLS Area 20417
Lot Size Square Feet 18731.0
Carport Spaces 0.0
Standard Status Pending
Middle/Junior School District Hilmar Unified
Elementary School District Hilmar Unified
Year Built Source Assessor Auto-Fill
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Interior
Flooring Carpet Varies by Unit
Total Stories 2
Unit 1 Full Baths 1
Unit 2 Full Baths 0
Unit 3 Full Baths 0
Unit1Bedrooms 2
Unit3Bedrooms 0
Laundry Features Coin Operated In Common Area
Unit 1 Bedroom Units Total 0
Unit 2 Bedroom Units Total 7
Unit 3 Bedroom Units Total 0
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Exterior
Parking Features Covered
Lot Features Cul-De-Sac
Water Source Public
Total Parking 7.0
Foundation Details Slab
Number of Buildings 2
Lot Size Acres 0.43
Lot Size Source Assessor Agent-Fill
Covered Spaces 0.0
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Internal Only
Street Number 1 20041
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* Excluded Features
List By
Pmz Commercial Real Estate

Broker

jamarant@pmz.com

Email

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$7,545
Per Month
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Monthly Principal & Interest
$7,545
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3193750 Elementary School
3193637 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
7/11/2026 $1,195,000 Listed Price

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20041 Carol Drive, Hilmar, CA, 95324 is a Multi-Family Home for sale at $1,195,000 with 6,444 sqft and a lot size of 0.43. 20041 Carol Drive has 2 bedrooms, 1.0 baths, and was built in 1968. The property's zip code is 95324 which is in Hilmar, CA

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