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Carol Drive

Hilmar, CA 95324
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$1,195,000 $5,038/Mo
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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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Detail Ic Property Details

Property Type : Residential Income

Price : $1,195,000

AD Id : 87882245

MLS Id : 226087951

Living Area Size : 6,444

Year Built : 1968

County : Merced

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer

  • Flooring Information

    Carpet, Varies by Unit

  • Interior Features

    Laundry Features: Coin Operated, In Common Area

  • Heating & Cooling

    Heating: Central Cooling: Central WaterSource: Public

  • Building Information

    Year Built: 1968 Stories: 2 Construction Materials: See Remarks Foundation Details: Slab

  • Exterior Features

    Foundation Details: Slab

  • Laundry Features

    Coin Operated, In Common Area

  • Lot Information

    Lot Description: Cul-De-Sac Lot Square Feet: 18,731 Stories: 2 Main Square Feet: 6,444

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 6,444 Construction Materials: See Remarks Property Age: 58 Cross Street: Hwy 165 Source Neighborhood: 20417 Postal Code Plus 4: 9346 Area: Hilmar S: 95324 Zoning: R-3 Structure Type: Apartments

    Farm Info

    Irrigation Source: None

  • Listing Price Information

    Listing Id: 226087951 List Price: $1,195,000 List Price Tot SqFt: $185

  • Tax Information

    Parcel Number: 015-130-003-000

  • Parking Information

    Parking Total: 7 Covered

  • Elementary School District: Hilmar Unified
    Junior High School District: Hilmar Unified
    Senior High School District: Hilmar Unified

  • Utility Information

    Sewer Connected

  • Location Information

    Direction: Hwy 165 to Carol Dr to address
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
August Avenue, Hilmar, CA, 95324 $715,000 4 3 2,697 2,697 SqFt
Lander Ave, Hilmar, CA, 95324 $697,500 3 2 1,150 1,150 SqFt
Jade Lane, Hilmar, CA, 95324 $569,900 3 3 1,586 1,586 SqFt
Venetian Terrace, Hilmar, CA, 95324 $775,000 5 3 3,202 3,202 SqFt
Tiffany Court, Hilmar, CA, 95324 $599,900 4 2 1,891 1,891 SqFt
Venetian Terrace, Hilmar, CA, 95324 $775,000 5 3 3,202 3,202 SqFt
Rexham Court, Hilmar, CA, 95324 $475,000 4 3 1,883 1,883 SqFt
August Avenue, Hilmar, CA, 95324 $715,000 4 3 2,697 2,697 SqFt
19960 American Ave Spac.., Hilmar, CA, 95324 $259,900 3 2 --
Tiffany Court, Hilmar, CA, 95324 $549,900 4 2 1,891 1,891 SqFt

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ByOwner last updated this listing 07/16/2026 @ 05:20

MLS: 226087951 LISTED BY: Jordan Amarant, PMZ Commercial Real Estate SOURCE: MLS Metrolist

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