2131 Marlboro Court, San Jose, CA 95128

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Commercial2131 Marlboro Court, San Jose, CA 95128
    $3,150,000

    Basics Details

    • Date added: Added 6 months ago
    • Type:
    • Building Area: 5,757 sq ft
    • Lot size, sq ft: 9,600 sq ft
    • Zoning:
    • # Of Units:

    Description

    • 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.

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    858-538-7774

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