Metro Commercial Property For Sale: 1463 Lusitana, Metro, in Oahu

MLS: 202403457 (Active - For Sale)

Asking Price: $8,350,000 FS - Fee Simple
Type: Multi-Family
District: Metro
Address: 1463 Lusitana Street, Honolulu, HI
Neighborhood: Punchbowl-lower
Land Area: 11,697 SF
View: City
Parking: Assigned,Covered
Amenities: A/C
Days on Market: 94
Year Built: 1974
Zoning: 12 - A-2 Medium Density Apartme
Land Recorded: Dual Systems
Property Taxes: $1,126
Assessed Value: $3,890,300
Assessed Ratio: 214.64%
Listing Courtesy: Standard Management LLC

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All Multi-Family Homes For Sale in Punchbowl-lower

20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate. Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!

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