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20041 Carol Dr

Hilmar, CA 95324

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$1,195,000

14 bd
  |  
1 ba
  |  
6,444 sq ft
  |  
0.43 acre

20041 Carol Dr

Hilmar, CA 95324

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Listed On: 07/10/2026
Status: Active
Listing Number: 226087951 (Metrolist MLS)

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Presented By:

London Properties, Ltd.
London Properties, Ltd. 209.725.2100 Email Agent
Property Description
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.
Property Type
Residential Income
Property Subtype 1
5 or More Units
Subtype Description
Apartments
Year Built
1968
Year Built Source
Assessor Auto-Fill
Stories
2
# of Buildings
2
Total Units
7
# of Floors
2
Directions to Property
Hwy 165 to Carol Dr to address
Cross Street
Hwy 165
County
Merced
Special Listing Conditions
None
Construction Materials
See Remarks
Foundation
Slab
Heating
Central
Cooling
Central
Laundry Features
Coin Operated, In Common Area
Flooring
Carpet, Varies by Unit
Total Units
7
# of 2 Bedroom Units
7
Unit 1 Approx SqFt
891
Unit 1 SqFt Source
Tax Record
Unit 1 Bedrooms
2
Unit 1 Full Baths
1
Unit 1 Rent
1200
Utilities
Sewer Connected
Irrigation
None
Water Source
Public
Sewer
Public Sewer
Parking Features
Covered
Total Parking Spaces
7.00
Lot Features
Cul-De-Sac
APN
015 130 003 000
Zoning Description
R-3
List AOR
MetroList Services, Inc.
Association
No
School District (County)
Merced
Elementary School District
Hilmar Unified
Middle or Junior School District
Hilmar Unified
Senior High School District
Hilmar Unified
Total # Leasable
7
Income Includes
Laundry
Census Tract
4.04

Courtesy of Jordan Amarant, PMZ Commercial Real Estate
IDX provided by Reliance Marketing

Metrolist
Terms of Use

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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