Exceptional opportunity to acquire a well-maintained 11-unit concrete apartment building in the highly desirable Makiki neighborhood, directly across from Makiki District Park. This investment property features eleven renovated 1-bedroom, 1-bath units with dens, averaging approximately 644 sq. ft. each. Every unit includes a private lanai and one assigned parking stall, with abundant natural light, cool trade winds, and pleasant views. Residents enjoy the convenience of an on-site coin-operated laundry. Ideally located just minutes from H-1 Freeway access, Punahou School, Maryknoll School, Kapiolani Medical Center, Shriners Children's Hawai?i, shopping, dining, and public transportation. Ownership has invested over $500,000 in recent capital improvements, reflecting pride of ownership and reducing near-term capital expenditure needs. Current rents are below market, providing an attractive value-add opportunity with future income growth potential. Fee Simple. Property to be sold in AS IS condition. Please do not disturb tenants.
Exceptional opportunity to acquire a well-maintained 11-unit concrete apartment building in the highly desirable Makiki neighborhood, directly across from Makiki District Park. This investment property features eleven renovated 1-bedroom, 1-bath units with dens, averaging approximately 644 sq. ft. each. Every unit includes a private lanai and one assigned parking stall, with abundant natural light, cool trade winds, and pleasant views. Residents enjoy the convenience of an on-site coin-operated laundry. Ideally located just minutes from H-1 Freeway access, Punahou School, Maryknoll School, Kapiolani Medical Center, Shriners Children's Hawai?i, shopping, dining, and public transportation. Ownership has invested over $500,000 in recent capital improvements, reflecting pride of ownership and reducing near-term capital expenditure needs. Current rents are below market, providing an attractive value-add opportunity with future income growth potential. Fee Simple. Property to be sold in AS IS condition. Please do not disturb tenants.
Property Details
Location Information+
County
Honolulu
Subdivision Name
MAKIKI AREA
MLS Area
Metro
Land Tenure
Fee Simple
Interior Features+
Floors
Wood
Exterior Features+
Stories
3
Exterior
Concrete, Tilt-Up
Utilities
Electricity Available, Natural Gas Available, Sewer Connected