Excellent INVESTMENT opportunity in a prime location with easy access to freeways and all the conveniences you need. This property features THREE, 1bed/1ba/1pkg units, each with its own private entrance for added tenant privacy and convenience. Each unit is separately metered for electricity, gas, cable TV, and internet, ensuring minimal landlord involvement in utilities and providing tenants with the flexibility to manage their own expenses. With recent updates to the interiors, electrical, plumbing and paint, offer a low-maintenance investment with minimal foreseeable future costs. This turn-key Triplex is perfect for an investor seeking hassle-free, long-term rental income. Donâ??t miss this ready-to-go opportunity in a prime rental location!
This 3-story walkup, built in 1970 using hollow tile, offers 12 2-bedroom, 1-bath units & 18 parking stalls. All apartments feature a full-size washer and dryer on the patio, & many units are equipped w/ window air conditioners in the bedroom. Ceiling fans are standard in all units, offering comfort & air circulation. Improvements to the interior & exterior have significantly upgraded the property. In 2017, the owner invested $250,000 in interior enhancements for all units, including the installation of modern cabinetry, new flooring, & stylish window treatments. Renovations of late to some of the units include the installation of luxury vinyl plank flooring. Between 2018 and 2020, impressive exterior enhancements were performed. These included asphalt reconstruction of the parking area w/fresh striping & wheel stops, spalling work on the building's exterior, & waterproofing of the open staircase & concrete eyebrows on both the Diamond Head and Ewa side of the building. The roof received special attention with the application of a Tropical Silicone coating and the installation of galvanized cap flashing, a new roof hatch, safety anchors and rail guards.
Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented with fully renovating a unit and the rent was increased from $950 to $1400! This is a significant increase with a small investment for renovation.
PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
Centrally located multi-family property of over 7,500 square feet with a total of 3 buildings consisting of two 1-bedrooms and three 2-bedrooms with 5 parking stalls. Potential for redevelopment or as a cash flow investment. Minutes to downtown Honolulu, surrounding hospitals, and Kakaako shops and restaurants.
2 story hollow tile apartment building with four 2-bedroom units. 6 parking (1 tandem and 4 single parking). Excellent tenants. Convenient Makiki location near Makiki Central Park, Schools (Punahou, Maryknoll etc.) and Kapiolani Children's hospital. Property is in good condition. Sold "As Is" No repairs or credit for repairs. Seller don't want tenants to worry about selling, please don't make noise or disturb the tenants when viewing from outside.
Do you desire to expand your growing investment portfolio with a centrally-located multiunit property? Check out the possibilities of 1254 Lunalilo Street! Tucked away in an extremely convenient area is this 15-unit concrete multiunit building featuring a desirable 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. Boasting 12-one bedroom units and 3-two bedroom units, the property allows for maximum resident comfort. Each unit features an open layout, neutral interior paint, a spacious living/dining area, storage closets, and a fully-equipped kitchen with a gas stove, pantry, and ample cabinets. Bedrooms are well-sized with generous closet space, while each full bathroom includes a shower/tub combo, medicine cabinet, and a storage vanity. Outdoor relaxation is a breeze with all units featuring a cozy balcony. Tenants will enjoy easy access to transportation, shopping, restaurants, entertainment, and Makiki Park. NOI is actual. Please contact Listor with additional questions. Interior showings will be subjected to accepted offer. Please submit offers using the Commercial PSA. DO NOT DISTURB tenants.
Well-maintained 100% occupied 6-unit concrete building near UH Manoa with historically high occupancy due to its larger-than-average unit sizes, private garden areas, and more than 1/1 parking. The building consists of five (5) two-bedroom units (700 SF. approx.) and one (1) one-bedroom (550 SF. approx.). The building is NOT in a flood zone and has C & C trash pick-up service, which could be a $15-20K savings compared to similar properties. The property is near UH Manoa, and the bedrooms are large enough for such a savvy investor to nearly double the income stream by converting the traditional rentals into students' dorms. The property is within walking distance of UH, restaurants, grocery stores, and essential services.
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 96822 has a population of 368,351. Honolulu 96822 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 96822 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 96822 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.