5% CAP-PRIME investment opportunity in the heart of Honolulu! Located at 1671 Citron Street, this well-maintained multi-family property offers exceptional value in a high-demand unbeatable urban setting. The concrete first floor and durable metal roofing provide long-lasting structural integrity, ideal for withstanding Hawaiis climate. Each of the five units comes with convenient 1:1 parking, a rare and valuable amenity in town. Just steps away from a vibrant mix of restaurants, grocery stores, and shops, this property is ideally positioned for both tenants and investors. Featuring a desirable unit mix of (3) 1-bedroom and (2) 2-bedroom units each with its own lanai and original built-in cabinet storage. This building is separately metered for electricity and includes ample on-site storage. All five units are currently tenant-occupied, month-to-month with rents under-market offering immediate potential to increase income and capture strong rental upside in one of Oahus most dynamic neighborhoods. Dont miss this chance to invest in a high-demand area with consistent and proven rent and property value growth! Building plans, NOI, survey and rent roll available upon request.
Property Features
Bathrooms
Interior Features
- Furnished Description: Unfurnished
Land Info
- Lot Description: Level
- Lot Size Acres: 0.087236
- Topography: Level
- Lot Size Square Feet: 3800
Garage and Parking
- Parking Features: Assigned
- Parking Total: 5
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity
Amenities and Community Features
- Community Features: Storage Facilities
Other Property Info
- Annual Tax Amount: 3672.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: MCCULLY
- Parcel Number: 1-2-3-031-079-0000
- Postal City: Honolulu
- Subdivision: MCCULLY
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 84148
- Operating Expense: 23885
- Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1958
- Building Area Total: 2496
- Construction Materials: Concrete, Wood Frame
- Levels: Two
- Property Age: 67
- Property Condition: Good Condition
- Levels or Stories: 2
- Structure Type: Multi Family
- Total Area Sqft: 2496
Utilities
- Sewer: Connected
- Above Ground Utilities
- Electricity Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public