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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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$3,150,000
Est. payment /mo
9,600 Sqft Lot
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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 $43,000

Lot Size 9,600 Sqft

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 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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CRMLS – RECore
Listed by Jefrey Henderson Jefrey Henderson, Broker
Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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2131 Marlboro CT

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