$2,800,000
An amazing opportunity to own a turn-key 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 other 5 units' rental income. 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 4.6% cap rate at acquisition. Well positioned within proximity to Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana.
Parking | 5 parking stalls |
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Air Conditioning | Yes |
Status | For Sale |
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LIVING SPACE | 3,147 Sq.Ft. |
LOT SIZE | 5,723 Sq.Ft. |
Type | Multi-Family |
Neighborhood | Makiki |
ELEMENTARY SCHOOL | Abraham Lincoln Elementary |
MIDDLE SCHOOL | Stevenson Middle School |
HIGH SCHOOL | Punahou School |
School District | Makiki |
SALES PRICE | $2,800,000 |
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Whether you are a seasoned real estate investor or just starting out, Excel Commercial Realty will be your partner in achieving your investment objectives.
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