2131 Marlboro Court, San Jose, CA 95128
  • MLS#: ML82002455 ( )
  • Street Address: 2131 Marlboro Court
  • Viewed: 2
  • Price: $3,225,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: SANTA CLARA
  • City: San Jose
  • Zipcode: 95128
  • Provided by: Jefrey Henderson, Broker
  • Contact: Jefrey Jefrey
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 wellmaintained but rents can continue to be increased with additional unit improvements.
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Features
Building Area Total
  1. 5757.00
Carport Spaces
  1. 11.00
Cooling
  1. Central Air
Heating
  1. Central
Insurance Expense
  1. 6600.00
Otherexpense
  1. 4000.00
Parcel Number
  1. 28232024
Roof
  1. Flat
Totalexpenses
  1. 85600.00
Trash Expense
  1. 5000.00
Year Built
  1. 1957
Year Built Source
  1. Assessor
Zoning
  1. RM