An amazing opportunity to own a multifamily property in the heart of the desirable Makiki neighborhood. The 6-unit property consists of a 5-unit apartment building made up of 3 (1bd/1ba) and 2 (2bd/1ba) units, along with a 4bd/2ba single family house. All units are separately metered for electricity. The large house allows an owner the potential to house hack the property and offset their housing expenses with the other 5 units' rental income. The property recently underwent significant renovation, including new flooring, paint, windows, ceiling fans, appliances, and fixtures to all of the units making this a turn-key investment with excellent return metrics yielding a 4.6% cap rate at acquisition. Well positioned within proximity to Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana.
Property Features
Bathrooms
Appliances
Heating and Cooling
- Cooling Features: Central Air
Interior Features
- Furnished Description: Unfurnished
Land Info
- Lot Description: Corner Lot, Level
- Lot Size Acres: 0.131382
- Topography: Level
- Lot Size Square Feet: 5723
Garage and Parking
- Open Parking: Yes
- Parking Features: Open
- Parking Total: 5
School Information
- Elementary School: Lincoln
- High School: Roosevelt
- Middle School: Stevenson
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Air Conditioning, Electricity, Gas
Other Property Info
- Annual Tax Amount: 5516.04
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: MAKIKI AREA
- Parcel Number: 1-2-4-020-035-0000
- Postal City: Honolulu
- Subdivision: MAKIKI AREA
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 128248
- Operating Expense: 37352
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1920
- Building Area Total: 3147
- Construction Materials: Brick, Single Wall, Wood Frame
- Levels: Two
- Property Age: 105
- Property Condition: Excellent
- Levels or Stories: 2
- Structure Type: Multi Family
- Total Area Sqft: 3147
- Year Built Effective: 2025
Utilities
- Sewer: Connected
- Cable Available
- Natural Gas Available
- High Speed Internet Available
- Water Available
- Sewer Connected
- Water Source: Public