20041-20055 Carol Dr Multi-Family FOR SALE


Hilmar, CA
$1,195,000 USD
209-345-8209
, Hilmar, CA for Sale
$1,195,000 USD
Multi-Family - FOR SALE
1/17
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20041-20055 Carol Dr
Hilmar, CA


HIGHLIGHTS

  • 7 units total - two story fourplex and single story triplex on two separate parcels
  • 8.16% proforma cap rate with rents below market and clear upside
  • Six on site storage units and covered parking for added income potential
  • Central heating and air in every unit; quality roofs and turnkey condition

OVERVIEW

Please submit all Highest and Best Offers by Monday July 20th. PMZ Commercial Real Estate is pleased to offer a 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.

ASK ABOUT THIS PROPERTY

Jordan AmarantPMZ CommercialMore Info
209-345-8209

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Jordan AmarantPMZ CommercialMore Info
209-345-8209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.