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$ 3,150,000
Est. payment | /mo
5,757 SqFt
$ 3,150,000
Est. payment | /mo
5,757 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,757 sqft
Price per Sqft $547
MLS Listing ID ML82002455
HOA Y/N No
Year Built 1957
Lot Size 9,600 Sqft
Acres 0.22
Property Sub-Type Other
Property Description
Phenomenal Rental Increase Potential with little to no capex needed! 2131 Marlboro Ct The Property is an 11-unit multifamily asset in the heart of San Jose, California. The property consists of well-maintained rental units with 6,972 rentable square feet, averaging approximately 634 square feet per unit. Built in 1957, this property has been substantially renovated and programmatically improved resulting in little/no deferred maintenance. The property achieves strong in-place rents of $1,863 per unit, or $2.94 per square foot, supported by robust market fundamentals and a high-demand rental environment. This presents a compelling opportunity for investors to acquire a stable, income-generating asset in a thriving market. Additional value-add upside can be achieved through programmatic renovations in all 10 units. The units are currently lightly upgraded and have been well-maintained but rents can continue to be increased with additional unit improvements.
Location
State CA
County Santa Clara
Zoning RM
Interior
Heating Forced Air
Fireplace No
Building
New Construction No
Others
Tax ID 28232024
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Listed by Jefrey Henderson • Jefrey Henderson, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "