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$3,225,000
Est. payment /mo
9,600 Sqft Lot
UPDATED:
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 $44,000
Lot Size 9,600 Sqft
Property Description
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 wellmaintained 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
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Listed by Jefrey Henderson • Jefrey Henderson, Broker
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