1240 Young St - Apartments FOR SALE


Honolulu, HI 96814- Makiki-Lower Punchbowl-Tantalu
$2,800,000 USD
808-429-1098
1240 Young St, Honolulu, HI for Sale
$2,800,000 USD
Apartments - FOR SALE
1/25
null | 3.85% Cap Rate


HIGHLIGHTS

  • Unit Total: 10 - 6 One Bedrooms, 4 Two Bedrooms
  • Interior SQFT: 5,088
  • Land SQFT: 7,921
  • Year Built: 1961
  • Parking: 7

OVERVIEW

COMMERCIAL LISTING. BMX-3 Zoned with residential use exemption makes this property super desirable for its many possible uses. Owners never thought they'd sell, so have kept the building in top shape with low rents to eliminate vacancies. 10 units: 6 ones, 4 twos, 7 parking & 100% occupancy. Super clean, upgraded interiors. All but one unit is renovated. Hollow tile construction, nice private grass yard common area, and excellent location make this property easy to "manage up": charge for parking, install coin laundry, and increase the rent to market rates. All units have laundry hookups; all machines owned by tenants. Buyer to accept existing survey performed by Walter Thompson Inc November 1, 2000.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

10

PRICE/UNIT

$280,000

CAP RATE

3.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

BMX-3

APN/PARCEL ID

1-2-4-004-084-0000

ASK ABOUT THIS PROPERTY

Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.