An amazing 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/1a) units, along with a 4bd / 2ba single family house. All units are separately metered for electricity. The large house allows an owner the ability 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 4.86% cap rate at acquisition. The property is occupied by excellent tenants. The property is well positioned within proximity to Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, Makiki District Park, and Ala Moana Center.
| MLS # | 202610588 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 115 |
| Listing Provided By | Excel Commercial Realty LLC | Kynan Pang |
| SQ Feet | 3,147 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Zoning | 12 - A-2 Medium Density Apartme |
| Property View | None |
| Construction Materials | Masonry, Single Wall, Stucco, Wood Frame |
|---|
| Community Features | None |
|---|
| Property | 5516 |
|---|
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96822 |
| Area | Oahu |
| Community Name | MAKIKI AREA |
| School District | Roosevelt |
| Elementary School | Lincoln |
| High School | Roosevelt |
| Listing VS Median (in MAKIKI AREA) | |
Price: $2,700,000 low | high Med: $355,000 sqft: 3,147 low | high Med: 739 $ / sqft: $858 low | high Med: $480 On site: 115 low | high Med: 70 | |
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96822 |
| Area | Oahu |
| Community Name | MAKIKI AREA |
| School District | Roosevelt |
| Elementary School | Lincoln |
| High School | Roosevelt |
| Listing VS Median (in MAKIKI AREA) | |
Price: $2,700,000 low | high Med: $355,000 sqft: 3,147 low | high Med: 739 $ / sqft: $858 low | high Med: $480 On site: 115 low | high Med: 70 | |