906 Hausten St - Apartments FOR SALE


Honolulu, HI 96826- Mccully-Moiliili
$3,950,000 USD
808-744-0059
906 Hausten St, Honolulu, HI for Sale
$3,950,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

906 Hausten St
Honolulu, HI 96826
Mccully-Moiliili


HIGHLIGHTS

  • 8-Unit Value-Add Multifamily in Prime Moiliili Location Near UH Manoa, Waikiki & Ala Moana.

OVERVIEW

Located across from the former Willows Restaurant in the McCully–Moiliili area, this A-2 zoned multifamily property offers immediate upside through renovation and lease-up. Situated on an 11,040 sqft lot, the property consists of three separate buildings with a total of eight units, including seven two-bedroom units and one three-bedroom unit, all separately metered for electricity. Current rents are below market and two units currently vacant, requiring renovation and presently used as storage. All tenants are month-to-month, providing flexibility for repositioning. The buildings were constructed in different periods: the front-left structure is a one-story duplex built in 1941; the rear-right building is a two-story structure built in 1954, containing four units (two per floor); and the front-right building is a three-story structure built in 1976, featuring a two-bedroom unit on the first floor and a three-bedroom unit spanning the second and third floors. Parking includes a two-car carport, a four-car carport, and several additional open parking spaces. Buyer to conduct their own due diligence. Do not disturb tenants. Survey and income statements available.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$632 USD /SF

# OF UNITS

8

PRICE/UNIT

$493,750

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

U/12/12

APN/PARCEL ID

1-2-7-009-012-0000

ASK ABOUT THIS PROPERTY

Sam YoshidaInfinite Ocean LLCMore Info
808-744-0059

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Sam YoshidaInfinite Ocean LLCMore Info
808-744-0059

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