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SOLD
MLS: 202112413
 
Asking Price: $8,495,000 FS - Fee Simple
Sold Price: $8,200,000
Sold Date: 07/14/2021
Type: Multi-Family
District: Metro
Address: 1909 Kahakai Drive, Honolulu, HI
Neighborhood: Ala Moana
Land Area: 11,728 SF
View: City
Parking: Assigned
Days on Market: 1789
Year Built: 1951
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Land Court
Property Taxes: $966
Assessed Value: $3,312,300,.00
Assessed Ratio: 256.47%
Listing Courtesy: Island Prime Properties LLC
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Over 4.5% CAP RATE !!! Next to Hawaii Convention Center & entrance to Waikiki. Rents are below market which provides lucky investor an opportunity to greatly increase cash flow. Bldg 100% occupied, currently zero vacancies. Great revenue-earning property for investment. All concrete building-super quiet for tenants, well-kept exterior and landscaping, excellent condition. 33-unit building has 15 rentable stalls for parking. Units individually metered for electricity. Laundry facility conveniently in building. Highly desirable rental units due to central location. Across the street from Ala Moana Shopping Center. Short walk to stores, grocery, beaches and bus stops. Bike/Walk friendly area.


 
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