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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$1,195,000

Est. payment - /mo

6,444 SqFt

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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 6,444 sqft

Price per Sqft $185

MLS Listing ID 226087951

HOA Y/N No

Year Built 1968

Lot Size 0.430 Acres

Acres 0.43

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

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.

Location

State CA

County Merced

Area 20417

Direction Hwy 165 to Carol Dr to address

Rooms

Other Rooms Unit-1 Approx SqFt: 891 Bedrooms: 2 Full Baths: 1 Rent: 1200 SqFt Source: Tax Record

Interior

Heating Central

Cooling Central

Flooring Carpet, Varies by Unit

Laundry Coin Operated, In Common Area

Exterior

Parking Features Covered

Utilities Available Sewer Connected

Water Access Desc Public

Total Parking Spaces 7

Building

Lot Description Cul-De-Sac

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Hilmar Unified

Middle Schools Hilmar Unified

High Schools Hilmar Unified

School District Merced

Others

Senior Community No

Tax ID 015-130-003-000

Special Listing Condition None

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Listed by PMZ Commercial Real Estate

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage | CA DRE#02212763

Real Estate Brokerage CA DRE#02212763

20041 Carol DR Hilmar, CA 95324

Realty Point, Inc.

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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