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… Read More 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. Read Less
Courtesy of Jefrey Henderson, Broker, Jefrey Henderson 415-535-7414
Listing Snapshot
Days Online
240
Last Updated
Property Type
Five Or More Units
Square Ft.
5,757
Lot Size
0.22 Acres
Year Built
1957
MLS Number
ML82002455
30 Days Snapshot Of 95128
$1.52M
-1%
(avg) sold price
12
-42%
homes sold
17
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1957, 5,757 structure square feet, Age: 68, 1 building, 11 minimum units in complex
Lot
Max Area: 9600.00, Max Area Units: Square Feet, Lot is 0.22038567493113 acres
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