CA > San Jose
San Jose, CA 95128,2131 Marlboro CT
San Jose, CA 95128,2131 Marlboro CT
San Jose, CA 95128,2131 Marlboro CT
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Steven Gary

Steven Gary

Steven Gary Real Estate

+1(408) 644-3287
Listed by Jefrey Henderson • Jefrey Henderson, Broker
$3,150,000
Est. payment /mo
5 Beds
2 Baths
5,757 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,757 sqft

Price per Sqft $547

MLS Listing ID ML82002455

Bedrooms 5

Full Baths 2

Year Built 1957

Lot Size 9,600 Sqft

Property Sub-Type Five or More Units

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

Area Central San Jose

Zoning RM

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Parking Features Assigned Spaces

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Slab

Sewer Unknown

Water Individual Water Meter

Others

Restrictions None

Tax ID 282-32-024

Security Features None

Special Listing Condition Not Applicable

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agent

Steven Gary

+1(408) 644-3287

Realtor | License ID: 01895061

Realtor License ID: 01895061

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2131 Marlboro CT

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