1637 Kewalo St - Apartments FOR SALE


Honolulu, HI 96822
$1,700,000 USD
808-208-8102
1637 Kewalo St, Honolulu, HI for Sale
$1,700,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1637 Kewalo St
Honolulu, HI 96822


HIGHLIGHTS

  • Strong value-add upside – unit interiors consist of outdated finishes. An interior renovation could lead to achieving significantly higher rents
  • Rents under market
  • Most tenants are mont-to-month
  • Separately metered for electricity
  • Central location with very high tenant demand
  • Eligible for Bill 7 redevelopment

OVERVIEW

1637 Kewalo is a well-priced 7-unit multifamily property with an attractive unit mix and the perfect arrangement for a “house hack”. Live in one and rent out the rest! The property is excellently located in the heart of the popular Makiki neighborhood and features 5+ on-site parking stalls in addition to abundant street parking. Units are in classic condition, rents are under-market, and most tenants are month-to-month, providing an ideal set up for an investor to complete a value-add campaign and increase returns. The front building is architecturally interesting due to its 1937 vintage, and it boasts sizeable units. Whether you’re an investor seeking value-add potential or a buyer looking to live in one unit and generate income from the rest, 1637 Kewalo offers endless possibilities. Schedule your showing today! Please do not go on the property without the listing agent. Seller would like to rent back the 2 bedroom unit for 6 months after closing.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,484 SF

ZONING

A-2

APN/PARCEL ID

1-2-4-025-031-0000

ASK ABOUT THIS PROPERTY

Matt RaffStandard Commercial LLCMore Info
808-208-8102

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Matt RaffStandard Commercial LLCMore Info
808-208-8102

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