1416 Middle St, Honolulu, HI 96819
18 Unit Apartment Building | $4,000,000 ($222,222/Unit) | 5.47% Cap Rate | Honolulu, HI 96819
For Sale
Active
Asking Price $4,000,000
- Property Type
-
Multifamily
- Square Feet
- 14,904 SF
Listing Contacts
- Property Info
Property Overview
OPPORTUNITY KNOCKS to Value Add with Excellent Actual Income: 18 LARGE TWO-BED UNITS close to freeway in all directions located in the heart of Metro Honolulu. Cap ex include: brand new parking lot, roof, and lanai spalling. 28 parking stalls--all but 1 rented for extra income. All units are separately metered for electric, w/ master meter for CAM electric; one gas meter for heater and dryers only (no gas appliances inside units), and one water meter. Each unit is sub metered and water/sewer is charged back to the tenants. W/D machines are leased for about $120/mo but PM collects coins for add' income. Buyer to accept existing survey performed by Ailana Survery on May 14, 2024.
Property Details
- Class
- C
- Year Built
- 1966
- Stories
- 3
- Lot Size (sq. ft)
- 23,522 SF
- Units
- 18
Highlights
- Total Units: 18Two Bed Units
- Parking Stalls: 28
- Zoning: R-3.5
- Year Built: 1966
- Land SQFT: 23,407
- Interior SQFT: 13,200
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