2144 Kauhana St - Apartments FOR SALE


Honolulu, HI 96816- Palolo
$2,050,000 USD
808-429-1098
2144 Kauhana St, Honolulu, HI for Sale
$2,050,000 USD
Apartments - FOR SALE
1/25
null | 7.11% Cap Rate

2144 Kauhana St
Honolulu, HI 96816
Palolo


HIGHLIGHTS

  • Total Buildings: 1
  • Total Units: 7 One-Beds, 1 Commercial Office Space
  • Parking: 10
  • Zoning: R-5
  • Land SQFT: 9,880
  • Interior SQFT: 5,416

OVERVIEW

TWO LOTS (38 & 39), 9880 sf of contiguous land, opportunity to build or keep vacant lot as parking. Legal, non-conforming (Lender will lend on 8 units using excellent existing income of over $16K/mo) 7 one bedroom units, 1 commercial office space (previously a convenience store) with lots of parking on adjoining lot. Opportunity to bring one beds to market rents. All but 2 units upgraded: new flooring, bathrooms, and kitchens, easy to rent units, all occupied with seasoned tenants. All tenants pay their own separate electric except unit F, whose meter is combined with the commercial unit. Coin laundry area behind property. Located in the heart of Palolo, across the street from laundromat, with easy access to freeway in all directions. Buyer to accept existing survey performed by Anthony Crook October 19, 2019.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

8

PRICE/UNIT

$256,250

CAP RATE

7.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,880 SF

ZONING

R-5

APN/PARCEL ID

1-3-4-023-038-0000,1-3-4-023-039-0000

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.