2131 Marlboro Ct - Apartments FOR SALE


San Jose, CA 95128- Del Mar
$3,225,000 USD
925-330-3642
2131 Marlboro Ct, San Jose, CA for Sale
$3,225,000 USD
Apartments - FOR SALE
1/14
null | 4.8% Cap Rate

2131 Marlboro Ct
San Jose, CA 95128
Del Mar


HIGHLIGHTS

  • Renovated Asset
  • Located Near Campbell

OVERVIEW

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 the 1950s, this property has been substantially renovated and improved. Ownership has recently taken care of any deferred maintenance items. 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 through all 11 units. They are currently lightly upgraded and well maintained but rents can be recaptures with additional ~$10k in per unit improvements.

FOR SALE DETAILS

PRICE

$3,225,000 USD

PRICE/SF

$560 USD /SF

# OF UNITS

11

PRICE/UNIT

$293,182

CAP RATE

4.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R3, San Jose

APN/PARCEL ID

282-32-024

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
925-330-3642

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Ben MollahanCBREMore Info
925-330-3642

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.