1416 Middle Street

$4,000,000
1416 Middle Street, Honolulu, HI 96819
1416 Middle Street

1416 Middle Street

$4,000,000

OPPORTUNITY KNOCKS to Value Add with Excellent Actual Income: 18 LARGE TWO-BED UNITS close to freeway in all directions located in the heart of Metro Honolulu. Cap ex include: brand new parking lot, roof, and lanai spalling. 28 parking stalls--all but 1 rented for extra income. All units are separately metered for electric, w/ master meter for CAM electric; one gas meter for heater and dryers only (no gas appliances inside units), and one water meter. Each unit is sub metered and water/sewer is charged back to the tenants. W/D machines are leased for about $120/mo but PM collects coins for add' income. Buyer to accept existing survey performed by Ailana Survery on May 14, 2024.

Christina Dwight
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Features & Amenities

Interior

Flooring Concrete

Exterior

Utilities Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
ROOF Custom/Specialty

Area & Lot

Status Sold
LIVING SPACE 13,200 Sq.Ft.
TOTAL AREA 13,200 Sq.Ft.
LOT SIZE 23,407 Sq.Ft.
MLS® ID 202415565 & 202415566
Type Multi-Family , Commercial
Year Built 1966
Neighborhood Honolulu
View Description OPPORTUNITY KNOCKS to Value Add with Excellent Actual Income: 18 LARGE TWO-BED UNITS close to freeway in all directions located in the heart of Metro Honolulu. Cap ex include: brand new parking lot, roof, and lanai spalling. 28 parking stalls--all but 1 rented for extra income. All units are separately metered for electric, w/ master meter for CAM electric; one gas meter for heater and dryers only (no gas appliances inside units), and one water meter. Each unit is sub metered and water/sewer is charged back to the tenants. W/D machines are leased for about $120/mo but PM collects coins for add' income. Buyer to accept existing survey performed by Ailana Survery on May 14, 2024.

Financial

SALES PRICE $4,000,000
REAL ESTATE TAXES $11,906/mo
Zoning R-3.5

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Christina’s mission is to provide exemplary, personalized service for multifamily investors. She is laser-focused on providing the best marketing and exposure, identifying capable buyers, and proactively addressing their concerns so that the process is as stress-fee as possible. Commercial Investment Strategies is the only firm in Hawaii exclusively engaged in apartment building buying and selling.

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