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2139 Algaroba Street, Honolulu, HI

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2139 Algaroba Street

Honolulu, HI 96826 - Mccully-Moiliili MF Submarket

Property Type:Multi-Family Number of Units:25 Status:Existing Year Built:1928
Stories:2 Building Size:12,294 SF Land Area:.34 AC (14,810 SF)
For Sale Price:$4,450,000 Price/Unit:$178,000.00 Cap Rate:5.25 % GRM:-

Parking:.47 Parking Spaces / 1,000 SF

Incredible opportunity to own a 25 unit, turn-key apartment complex in Moilili. Centrally located near shopping centers, parks, bus lines and walking distance to the University of Hawaii. This complex has 2 street frontages and 4 addresses (2139/2141 Algaroba and 910/914 Makahiki Way).

Sale Notes:
2139 Algaroba consists of 26 rental units ranging from studios, 1-bedroom, 2-bedroom and 3-bedroom units. The property encompasses 8 freestanding buildings. Seven of the eight buildings are of wood constructions with the eighth building made of concrete cinder blocks. The property is 92% occupied with an in-place security system and on-site washer and dryer. Fee Simple.

- 6 minute drive to the Waikiki and Ala Moana Center
- 8 city blocks from the University of Hawaii at Manoa
- Over 15,000 businesses within a 3 mile radius
- Close proximity to Kakaako, a developing entertainment area including restaurants, shopping and nightlife
- Near bus lines (one block)

Colliers International
Mark D Bratton
(808) 523-9708

Michael Perkins
(808) 223-1344

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