1420 AvenueHonolulu, HI 96822
PRICE IMPROVEMENT!
Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development.
Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
- Property Type:
Residential
- Architectural Style:
- Bedrooms:
0
- Bathrooms:
0
- Dwelling Size:
0 Square Feet
- Lot Size:
- Lot Description:
- Stories:
- Year Built:
1957
- Interior Features:
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- Parking:
Garage or Parking Spaces:
Features: Assigned, Covered
- Area:
Metro
- Views:
Coastline
- Schools:
- HOA:
- Senior Community:
- Heating:
- Cooling:
- Appliances:
Washer
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
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- Foundation:
- Roof: