
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Makiki Area
MLS Listing ID 202621534
Construction Status Excellent
HOA Y/N No
Year Built 1954
Annual Tax Amount $5,860
Property Sub-Type Multi Family
Property Description
An incredible opportunity to own a multifamily property in the heart of the desirable Makiki neighborhood. The 6-unit property consists of a 5-unit apartment building made up of 3 (1bd/1ba) and 2 (2bd/1ba) units, along with a 4bd/2ba single family house. All units are separately metered for electricity. The large house allows an owner the potential to “house hack” the property and offset their housing expenses with the income from the other 5-units. The property recently underwent significant renovation, including new flooring, paint, windows, ceiling fans, appliances, and fixtures to all of the units making this a turn-key investment with excellent return metrics yielding a 4.96% cap rate at acquisition. Well positioned within proximity to Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana.
Location
State HI
County Oahu
Area Metro
Interior
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Open
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Sewer Connected
View Y/N No
View None
Total Parking Spaces 6
Building
Lot Description Corner Lot, Other, Level
Dwelling Type Apartment,Multi Family
Entry Level Two
Sewer Connected
Water Public
Level or Stories Two
Construction Status Excellent
Schools
Elementary Schools Lincoln
Middle Schools Stevenson
High Schools Roosevelt
Others


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