Investor Alert Turn-Key 8-Unit Property! 2908 Varsity Circle is a well-maintained multifamily property featuring 8 units, each with separate electric meters (8 total) and one water meter, streamlining utility management. The property brings in a strong monthly rental income of $12, 920, offering immediate cash flow. Recent upgrades include updated exterior meter box breaker panels, improving safety and reducing long-term maintenance costs. Ideally located near the University of Hawai?i at Manoa, popular local restaurants, shopping, and major business institutions, this property also offers easy access to the H-1 Freeway in both East and West directionsmaking commuting simple for tenants. With a stable tenant base and desirable central location, this is a rare opportunity to own a high-performing, income-producing asset in one of Honolulus most sought-after neighborhoods.
Property Features
Bathrooms
Appliances
- Laundry Features: In Unit
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Cleared, Interior Lot, Level
- Lot Size Acres: 0.1148072
- Topography: Level
- Lot Size Square Feet: 5001
Garage and Parking
- Parking Features: Assigned
- Parking Total: 7
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Air Conditioning, Electricity
Other Property Info
- Annual Tax Amount: 6467.04
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: UNIVERSITY
- Parcel Number: 1-2-8-025-015-0000
- Postal City: Honolulu
- Subdivision: UNIVERSITY
- Zoning Description: 11 - A-1 Low Density Apartment
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 130176
- Operating Expense: 24864
- Operating Expense Includes: Manager, Real Estate Tax, Water/Sewer
Building and Construction
- Year Built: 1955
- Building Area Total: 4068
- Construction Materials: Brick, Single Wall
- Levels: Two
- Property Age: 70
- Property Condition: Good Condition
- Levels or Stories: 2
- Structure Type: Apartment
- Total Area Sqft: 4068
- Year Built Effective: 1990
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- High Speed Internet Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public