About 2748 Kollmar Dr
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.
Features of 2748 Kollmar Dr
| MLS® # | ML82038375 |
|---|---|
| Price | $4,475,000 |
| Square Footage | 10,416 |
| Acres | 0.34 |
| Year Built | 1959 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 2748 Kollmar Dr |
|---|---|
| Area | Alum Rock |
| City | SAN JOSE |
| County | Santa Clara |
| State | CA |
| Zip Code | 95127 |
Amenities
| Utilities | Other |
|---|---|
| Parking Spaces | 5 |
| Garages | Covered Parking |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Roof | Flat / Low Pitch |
|---|---|
| Foundation | Concrete Perimeter and Slab |
Additional Information
| Zoning | R-M |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Mitchell Zurich |
|---|---|
| Office | Marcus & Millichap |
| Contact Info | 408-888-9594 |