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1547 Miller Street, Honolulu, HI

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1547 Miller Street

Honolulu, HI 96813-6114 - Makiki-Lower Punchbowl-Tantalu MF Submarket

Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:1971
Stories:5 Building Size:5,046 SF Land Area:.11 AC (4,792 SF)
For Sale Price:$2,900,000 Price/Unit:$414,285.71 Cap Rate:4.56 % GRM:-

Parking:1.98 Parking Spaces / 1,000 SF

Sale Notes:
Recently renovated concrete apartment with 7 two-bedroom units in Lower Punchbowl. Located on the corner of Miller Street and Magellan Avenue with easy access onto H-1. Upgrades include new unit interiors (flooring/cabinetry/bathroom/kitchen), major appliances, water heaters, ceiling fans and paint. Pro forma net income is $132,350 and is close to actual financials. Building has been CPR' ed, but will be sold as one in as is condition.

- Turnkey investment property with 100% occupancy and no deferred maintenance
- Six 2-bed/1-bath (702 SF living and 111 SF lanai) and One Penthouse 2-bed/2-bath (834 SF living and 631 SF lanai)
- Additional income generated by coin laundry, secured storage and extra parking on-site

For more information, contact Philip Suzukawa-Tseng or Dan Decker of Estates Royal Limited. Seller requests using Title Guaranty for escrow.

Estates Royal Ltd.
Philip Suzukawa-Tseng
(808) 522-0322

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