805-809 Kinau St - Apartments FOR SALE


Honolulu, HI 96813- Downtown Honolulu
$8,000,000 USD
808-372-5964
805-809 Kinau St, Honolulu, HI for Sale
$8,000,000 USD
Apartments - FOR SALE
1/13
null | 4.17% Cap Rate

805-809 Kinau St
Honolulu, HI 96813
Downtown Honolulu


OVERVIEW

Great timing is often a driver of success, and now is a perfect time to enter the market, as interest rates have dropped and the owner of this solid investment is looking to sell. This property is priced well below replacement cost, offers less volatility than other investments, serves as a hedge against inflation, and may offer a future condo conversion. It has the potential to achieve a 6% cap rate within a year of ownership. This property is NOT in a flood zone, so there's no need for expensive flood insurance, which is a nice savings. Please click on the brochure for detailed information about the property.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$670 USD /SF

# OF UNITS

27

PRICE/UNIT

$296,296

CAP RATE

4.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

A-2

APN/PARCEL ID

1-2-1-041-014-0000

ASK ABOUT THIS PROPERTY

Sheldon GlasscoObsidian Real Estate HawaiiMore Info
808-372-5964

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Sheldon GlasscoObsidian Real Estate HawaiiMore Info
808-372-5964

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