Listing
Overview
Price: $4,000,000
Area: WAIKIKI
Status: Active
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value. Listing by: Standard Management LLC (808) 208-8107
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- Land Area (sf): 4,500 sf
- Living (sf): 6,067
- Year Built: 1966
- Property Condition: Above Average,Average
- Number of Parking Spaces: 6
- View: None
- Listing Office: Standard Management LLC
- Land Tenure: FS - Fee Simple
- Elementary School: Ala Wai
- Middle School: Washington
- High School: Mckinley
