1665 Pi'ikoi St - Apartments FOR SALE


Honolulu, HI 96822
$2,000,000 USD
808-591-5660
1665 Pi'ikoi St, Honolulu, HI for Sale
$2,000,000 USD
Apartments - FOR SALE
1/3
null | 3.07% Cap Rate

1665 Pi'ikoi St
Honolulu, HI 96822


OVERVIEW

Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented with fully renovating a unit and the rent was increased from $950 to $1400! This is a significant increase with a small investment for renovation.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$530 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,714

CAP RATE

3.07%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,714 SF

ZONING

U/12/12

APN/PARCEL ID

1-2-4-030-040-0000

ASK ABOUT THIS PROPERTY

Marc KumaiIvy K Realty LLCMore Info
808-591-5660

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Marc KumaiIvy K Realty LLCMore Info
808-591-5660

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