2131 Marlboro Court Active Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95128
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
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Forced Air
Fireplace No