Description: The property features an attractive unit mix of 1 studio, 3 one-bedroom units and 1 two-bedroom unit, providing a diversified tenant profile and broad rental appeal. Current scheduled rents total approximately $8,855/month, with estimated laundry income of $120/month, generating approximately $8,975 in total monthly income or $107,700 annually. Several units are currently rented below market, creating potential for future income growth as leases turn over and rents are adjusted. The property has 5 separate electric meters, allowing electricity to be individually metered for each unit and 1 water meter. Centrally located near McCully, Kalakaua Avenue, Waikiki, Ala Moana, Kapiolani Boulevard, shopping, dining, entertainment, employment centers, schools, parks, and public transportation. The convenient in-town location supports strong rental appeal and accessibility. Whether you’re an experienced multifamily investor expanding your portfolio or seeking an income-producing property with value-add and future rent-growth potential, this property is worth a closer look. Do not disturb tenants or walk onto the property without prior approval. All showings require prior notice and approval.
Listing courtesy of CBI Residential Advisory Svcs.
Description: This is a well-located 7-unit multifamily investment opportunity in the heart of Honolulu. Built in 1961, this two-story apartment
building offers a clean, all one-bedroom/one-bath unit mix - an efficient, easy-to-manage configuration that appeals to a broad
renter pool and simplifies ongoing operations for an investor. Below Market Rents.
Description: Priced Below Assessed Value! Unique, 9-three-bed, TWO-bath units with 13 covered parking. Concrete construction. Located less than a mile to UH Manoa and Waikiki. Condo-converted (each unit has its own TMK) for flexible exit strategies. Features 3 stacks of 3 units, each stack with separate, secured entries for rare privacy. Landlord-owned laundry in each unit. Massive value-add potential: raise rents, charge for parking, and monetize laundry!
Description: 3 large buildings near Waikiki and Ala Moana Shopping Center. One building is a 3 story hollow tile concrete building and 2- 2 story buildings. This property has great cash flow with significant upside growth. Easy to rent apartments because of strong Tenant demand. Property is a large parcel of land consisting of 14,400 square feet of land. Property is zoned A-2. Property is good for Bill 7 Affordable Project. 18 parking stalls.
Description: Excellent opportunity to own a well-maintained 7-unit multi-family property in the heart of McCully zoned BMX-3! This income-producing asset features two separate structures comprised of three one-bedroom units and four studio units. The property has been recently renovated, showcasing vinyl plank flooring, fresh exterior paint, and updated finishes that appeal to today’s tenants. A majority of units are occupied, providing immediate and consistent rental income. Conveniently located near shopping, dining and easy access to public transportation, this McCully property offers both revenue and long-term investment potential! *Continuing to show for offers.
