30 Cypress Ave - Apartments FOR SALE


Wahiawa, HI 96786
$3,995,000 USD
30 Cypress Ave, Wahiawa, HI for Sale
$3,995,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

30 Cypress Ave
Wahiawa, HI 96786


OVERVIEW

Exceptional Investment Opportunity! Situated on 12,420 SF of A-2 zoned land, the property features ten units within four recently renovated dwellings—three duplexes and one fourplex. The fully hollow-tile fourplex consists of four 2-bed, 1-bath units, while one duplex includes a 3-bed, 1-bath unit and a 2-bed, 1-bath unit. Another duplex offers two 2-bed, 1-bath units, and the final duplex includes two 3-bed, 1-bath units. Currently, rented well below market value, this property offers incredible income potential. Designed for efficiency, all units are separately metered for electricity, and a coin-operated laundry room provides additional revenue. The property also includes 18 parking stalls. All structures were built between 1934 and 2009. With Bill 7 incentives, there is potential to develop up to 120 units or utilize standard A-2 zoning for flexibility and redevelopment. Whether you're looking to increase rental income, reposition the asset, or hold for long-term appreciation, this property offers endless possibilities. Buyers are advised to conduct their own due diligence and verify zoning and development opportunities with the appropriate experts.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$1,007 USD /SF

# OF UNITS

10

PRICE/UNIT

$399,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,420 SF

ZONING

A-2

APN/PARCEL ID

1-7-3-002-026-0000

ASK ABOUT THIS PROPERTY

Randall IharaKeller Williams HonoluluMore Info

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Randall IharaKeller Williams HonoluluMore Info

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