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2963 Koali Road, Honolulu, HI

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2963 Koali Road

Honolulu, HI 96826-1871 - Diamond Head-Kapahulu-St Louis MF Submarket

Property Type:Multi-Family Number of Units:9 Status:Existing Year Built:1938
Stories:1 Building Size:6,076 SF Land Area:.87 AC (37,832 SF)
For Sale Price:$5,250,000 Price/Unit:$583,333.33 Cap Rate:- GRM:-

Parking:1.64 Parking Spaces / 1,000 SF

Sale Notes:
2963 Koali Road is a fee simple investment opportunity consisting of nine (9) detached residential units on approximately 37,830 square feet of land. The property is ideally situated in urban Honolulu on the island of Oahu, adjacent to the University of Hawaii Manoa. Over the past five years the owner has made substantial renovations to each of the nine (9) homes, with completion of the last house occurring in early 2017. The property is located in a residential district with stable cash flow from in-place rental rates. Additional value could be derived by increasing rental rates, adding additional beds in the units for student housing, reconstructing new homes on the site or possibly selling the homes individually through a condominium property regime (CPR).

- Centrally located in urban Honolulu
- Close proximity to the University of Hawaii at Manoa, Waikiki, Ward Village Center, Ala Moana Center-Hawaii's largest and busiest shopping center, Kakaako a developing entertainment area including restaurants, shopping and nightlife, and Honolulu's Central Business District
- Immediate access to and from H-1 Freeway, a couple hundred yards from the on/off ramps
- Near bus lines
- Located in the University/Kaimuki area of Honolulu, with high density of renters

Colliers International
Mark D Bratton
(808) 523-9708

Michael Perkins
(808) 223-1344

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