1055 Ala Napunani St - Apartments CONDO FOR SALE


$11,000,000 USD
808-554-8787
1055 Ala Napunani St, Honolulu, HI for Sale
$11,000,000 USD
Apartments CONDO - FOR SALE
1/17
null | 5.17% Cap Rate

1055 Ala Napunani St
Honolulu, HI 96818
Aliamanu-Salt Lake-Foster Village


HIGHLIGHTS

  • Great location in Salt Lake, near freeway entry, public transportation, schools, shopping center and dining
  • Solid and well maintained 7 story, CMU and concrete structure
  • Assigned parking stalls - 49 total

OVERVIEW

In Escrow – 40-Unit Apartment Building in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bedroom ; 20– two bedroom units. All units large in size w/lanais. Management office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building. Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Lister with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must have verification of cash funds/ Commercial lender preapproval.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

5.17%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hale Koe Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

34,312 SF

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,547 SF

ZONING

U/12/12

APN/PARCEL ID

1-1-1-062-047-0000

ASK ABOUT THIS PROPERTY

Sharon AuLuxury Homes International/ Oneill Group LlcMore Info
808-554-8787

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Sharon AuLuxury Homes International/ Oneill Group LlcMore Info
808-554-8787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.