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.
For sale
$3,150,000
Marlboro Sanjose, San Jose, CA 95128
--beds
--baths
5,757sqft
Est.:
Five Or More Units
Built in 1957
-- sqft lot
$2,996,600 Zestimate®
$547/sqft
$-- HOA
What's special
- 128 days
- on Zillow |
- 23 |
- 1 |
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