2748 Kollmar Drive, San Jose, CA 95127
List Price: $4.47M
Listing Status: Active
Original List Price: $4.6M
0Days on Market: 196
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1959
Lot Size: 15,000 sq ft
Annual Property Tax: $65,345
MLS Number: ML82038375
About This Property
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.
Listing provided by: Mitchell Zurich DRE #01870648 (650) 391-1700 mzurich@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: ML82038375
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.