2131 Marlboro Court,San Jose, CA 95128
San Jose, CA 95128
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.
Details
| MLS # | ML82002455 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 69 |
| Listing Provided By | Jefrey Henderson, Broker | Jefrey Henderson |
Features
| SQ Feet | 5,757 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | RM |
| Acreage | 0.22 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Flat |
|---|
Taxes
| Property | 43000 |
|---|
Market Activity 95128
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95128 |
| Area | 699 Not Defined |
| School District | Other |
| Listing VS Median (in 95128) | |
Price: $3,150,000 low | high Med: $1,447,000 SqFt: 5,757 low | high Med: 1,413 $ / SqFt: $547 low | high Med: $1,024 On site: 69 low | high Med: 6.500000 | |