Great Waikiki investment property! Don't miss this opportunity to own this nice property on a quiet one-way street in a prime area. The area offers many conveniences, such as shops, grocery stores, and restaurants, and is just a short walk to the beach. There have been many upgrades for efficiency, including plumbing, electrical, tankless water heaters, and windows. The property is completely fenced for security, including an updated automatic driveway gate. There are also four standard-size parking stalls in the back of the property and coin- operated laundry units, which offer additional income. Please do not visit the property or disturb the tenants without an appointment. Info provided may not match Tax Records.
Unique opportunity to acquire fee simple ownership of a strategically located parcel of land in Waikiki which is improved with a 12-unit apartment building and 6 parking stalls. This prime property is currently near the end of the ground lease term which is set to expire on January 1, 2025, presenting an investor the rare chance to own a fee simple apartment building in Waikiki. This distinguished property features a well-maintained, fully leased 12-unit apartment building, generating steady rental income. The approaching expiration of the ground lease provides a timely opportunity for investors to unlock further value through redevelopment or enhancement of the existing improvements. Ideal for investors looking to capitalize on the ground lease expiration, this property offers significant value-add opportunities. By renovating the apartment building and adjusting rents to market rates, investors can maximize returns and enhance the propertyâ??s overall value.
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
The median home value in Honolulu, HI is $772,840. This is lower than the county median home value of $858,400. The national median home value is $338,100. The average price of homes sold in Honolulu, HI is $772,840. Approximately 40.48% of Honolulu homes are owned, compared to 46.38% rented, while 13.14% are vacant. Honolulu real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Honolulu real estate agent to arrange a tour today!
Honolulu, Hawaii 96815 has a population of 368,351. Honolulu 96815 is less family-centric than the surrounding county with 27.69% of the households containing married families with children. The county average for households married with children is 32.25%.
The median household income in Honolulu, Hawaii 96815 is $78,425. The median household income for the surrounding county is $92,600 compared to the national median of $69,021. The median age of people living in Honolulu 96815 is 38.4 years.
The average high temperature in July is 85.36 degrees, with an average low temperature in January of 65.49 degrees. The average rainfall is approximately 46.22 inches per year, with 0 inches of snow per year.