2141-2144 Palolo Ave, Honolulu, HI 96816

8 Unit Apartment Building | $2,525,000 ($315,625/Unit) | Honolulu, HI 96816

Asking Price $2,525,000

Property Type: Multifamily
Square Feet: 5,416 SF

Listing Contacts

Property Info

Property Overview

CBRE, Inc. is proud to exclusively present 2144 Kauhana Street Apartments. Conveniently located in the heart of Palolo at the corner of Palolo Ave and Kauhana Street, the 7-unit multifamily and ground floor office building consists of 5,416 SF of building area, on two levels plus a vacant R-5 zoned lot that is used for parking on a total of 9,880 square feet. The site offers an attractive location and is in close proximity to a multitude of amenities in the area including restaurants, shopping and employment opportunities in the dense urban Kaimuki/Palolo neighborhood. A future owner could capitalize on the existing tenancy while implementing a renovation program and bringing rents up as the market continues to be extremely tight. There is an opportunity to take advantage of the stabilized asset while going through the planning and permitting process to either develop the vacant parcel into a new new residence while the parcel is being leased for 3 years.

Property Details

Class: C
Year Built: 1962
Stories: 2
Lot Size (sq. ft): 10,019 SF
Units: 8

Highlights

Exceptional Location
Strong Demand
Seamless Unit Mix
High Barriers To Entry
Flexible Exit Strategies

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