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1841A Palolo Avenue - Hale Palolo Apartments, Honolulu, HI

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1841A Palolo Avenue - Hale Palolo Apartments

Honolulu, HI 96816 - Palolo MF Submarket

Property Type:Multi-Family Number of Units:18 Status:Existing Year Built:1969
Stories:3 Building Size:9,507 SF Land Area:.29 AC (12,480 SF)
For Sale Price:$5,950,000 Price/Unit:$330,555.56 Cap Rate:4.00 % GRM:-

Parking:1.77 Parking Spaces / 1,000 SF

Solid 3 story masonry building. Convenient location, Great Investment Opportunity. Wireless Internet Connectivity. Video monitored parking lot. Security screen doors

Sale Notes:
Brand new exterior, incl. roof, paint, and asphalt, and more! Hollow tile apartment opportunity in desirable area with few comparable buildings and an established, stable rental pool. Tenants pay H2O, gas & electric. Pro forma inc. based on achievable rental market rates ($1700 for twos and $1383 for ones) equals $333,000 in gross income.
Please do not walk on property without notifying listing agent. Please do not disturb tenants. Seller has kept some units vacant, so easy to see/ lock box info. Seller prefers First American Title Jill Kauka.

Commercial Investment Strategies LLC
Christina Dwight
(808) 596-2066

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