Existing cap rate is 5.6% on asking price! At pro forma rents, the cap increases to 6.2%! Where else are you going to find that kind of return on any Hawaii real estate? Turn Key building with all units upgraded and shiny new exterior. Below market rents in a growing market with proximity to Wheeler Air Force Base and Schofield Army base. Close to boutiques, eateries, and directly behind Walgreens and Teddy's Bigger Burger. Plus, world-class surfing on the North Shore of Oahu is just a 20 minute drive away! Huge lot with great parking 60 foot height limit for future development.
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