1416 Middle Street

$4,250,000

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 Contact

Interior

Laundry Room	Coin-operated
Appliances	Dryer, Washer

Exterior

Stories	3
Water Source	Public
Utilities	Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Lot Features	Cleared, Interior Lot, Level
Parking	Assigned
Sewer	Connected

Area & Lot

Status	Sold
LIVING SPACE	13,200 Sq.Ft.
LOT SIZE	0.54 Acres
MLS® ID	202415565
Type	Multi-Family
Year Built	1966
Neighborhood	Honolulu
View Description	Mountain(s)

Financial

SALES PRICE	$4,250,000
REAL ESTATE TAXES	$11,906/yr

Work With Christina

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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1416 Middle Street