$2,650,000
Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023.
Check out our tour of this property.
Total Bedrooms | 11 |
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Total Bathrooms | 9 |
Full Bathrooms | 9 |
Flooring | Concrete, Wood |
Stories | 2 |
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Garage Space | 6 |
Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water |
ROOF | Shingle |
Parking | Assigned |
Status | For Sale |
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LIVING SPACE | 4,208 Sq.Ft. |
TOTAL AREA | 4,208 Sq.Ft. |
LOT SIZE | 6,400 Sq.Ft. |
MLS® ID | 202421145 (MF) & 202421146 (COM) |
Type | Multi-Family , Commercial |
Year Built | 1953 |
Neighborhood | Honolulu |
View Description | Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023. |
SALES PRICE | $2,650,000 |
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Zoning | A-2 |
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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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