New Price – $7,777,000 | Outstanding Value Below Replacement Cost!
Offered well below replacement cost, this fee simple apartment property presents an exceptional opportunity to acquire a well-located Honolulu multifamily asset with both stable in-place income and meaningful upside. Investors can benefit from lease-up potential, future rent growth, and the possibility of a condominium conversion, with the property potentially achieving a 6% cap rate within the first year of ownership. Located outside the FEMA flood zone, the property does not require flood insurance, reducing operating expenses and enhancing long-term returns.
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Zillow last checked:
Listing updated:
Listed by:
Sheldon BK Glassco808-372-5964,
Obsidian Real Estate LLC
Source: HiCentral MLS,MLS#: 202614658
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Appliances
Included: Dryer, Washer
Laundry: Coin-operated
Interior area
Total structure area: 11,934
Total interior livable area: 11,934 sqft
Property
Parking
Total spaces: 21
Parking features: Assigned
Features
Levels: Three Or More
Has view: Yes
View description: None
Lot
Features: Cleared, Level
Topography: Level
Details
Parcel number: 1210410140000
Zoning description: 12 - A-2 Medium Density Apartme
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Concrete
Condition
Average Condition
Year built: 1961
Utilities & green energy
Sewer: Connected
Utilities for property: Cable Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected