Basics
| Date added Added 1 hour ago | Category Five Or More Units | Type Residential Income | Status Active |
| Area 10416 sq ft | Lot size 15000 sq ft | Year built 1959 | Lease term Month To Month |
| Garage spaces 0 | Listing source MLSL | MLS ID ML82038375 |
Description
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Description:
16-UNIT APARTMENT with 7.15% IN-PLACE CAP RATE!
The Zurich Group of Marcus & Millichap is pleased to present 2748 Kollmar Drive, a 16-unit apartment community in San Jose with meaningful additional upside. The property features a strong unit mix of (7) 1-bedroom and (9) 2-bedroom units, 20 parking spaces, and on-site laundry.
Ownership has invested over $350,000 in renovations, including interior upgrades, new electrical panels in every unit, new building electrical disconnects and panels, exterior and common-area improvements, and a roof installed in late 2020.
Located approximately 500 feet from a future VTA station currently under construction, the property offers strong in-place cash flow with additional upside through rent growth, select unit reconfigurations, and an attractive 8.09% pro forma cap rate.
Location
- County: Santa Clara
Building Details
- Parking spaces: 5
- New construction: No
- Heating: Wall Furnace
- Roof: Flat
- Parking: Covered Parking
Amenities & Features
- Waterfront: No
- Garage: No
- Attached garage: No
- Fireplace: No
- Private pool: No
- Cooling: None
- Utilities: Other