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.
Property Details
Price:
$3,150,000
MLS #:
ML82002455
Status:
Active
Baths:
0
Address:
2131 Marlboro Court
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Apr 14, 2025
State:
CA
ZIP:
95128
Year Built:
1957
Schools
Interior
Cooling
Central Air
Heating
Central
Exterior
Parking Spots
4.00
Roof
Flat
Financial
Taxes
$43,000
Map
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2131 Marlboro Court
San Jose, CA
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