2748 Kollmar Dr, San Jose, CA 95127
- $4,475,000
- 10,416
- SqFt
- List Price
- $4,475,000
- MLS#
- 82038375
- Property Type
- Multifamily
- Sqft. of Residence
- 10,416
- Lot Size
- 15,000
- Region
- Alum Rock
- Status
- ACTIVE
- County
- Santa Clara
- Acres
- 0.34
- Year Built
- 1959
- Parking Spaces
- 21
Property 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.
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Additional Information
- Foundation
- Concrete Perimeter, Slab
- Living Area
- 10,416
- Lot Size
- 15,000
- Region
- Alum Rock
- Roof
- Flat
- Utilities
- Other
- Zoning
- R-M
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Listing courtesy of Marcus & Millichap.
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