13
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$3,225,000
Est. payment /mo
9,600 Sqft Lot
Active
2131 Marlboro CT San Jose, CA 95128
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82002455
HOA Y/N No
Year Built 1957
Annual Tax Amount $43,000
Lot Size 9,600 Sqft
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
Area 699 - Not Defined
Zoning RM
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Carport Spaces 11
Roof Type Flat
Total Parking Spaces 4
Schools
School District Other
Others
Tax ID 28232024
Special Listing Condition Standard
Listed by Jefrey Henderson • Jefrey Henderson, Broker