1218 King Street - Apartments FOR SALE


Honolulu, HI 96817
$4,600,000 USD
808-429-1098
1218 King Street, Honolulu, HI for Sale
$4,600,000 USD
Apartments - FOR SALE
1/24
null | 4.91% Cap Rate

1218 King Street
Honolulu, HI 96817


HIGHLIGHTS

  • Total Buildings: 2
  • Units: 9 One-Bed, 4 Two-Bed, 1 Three-Bed, 1 Warehouse, 4 Retail
  • Parking: 17 *3 tandem, not including stalls fronting the building
  • Zoning: BMX-3
  • Year Built: 1970
  • Land SQFT: 9,507 & Interior SQFT: 10,785

OVERVIEW

Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$427 USD /SF

# OF UNITS

20

PRICE/UNIT

$230,000

CAP RATE

4.91%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

BMX-3

APN/PARCEL ID

1-1-6-002-063-0000

ASK ABOUT THIS PROPERTY

Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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