Description
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flowopportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including newquartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainlesssteel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the drivewayand parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to theproperty. Roof re-coated and resealed in 2022! INVESTMENT HIGHLIGHTS- Renovated units with luxury finishes- Excellent unit mix- CMU construction- Large Units- Electricity & Gas are separately metered- All units have their own washer/dryer- 10 on-site parking spaces- In-place 4.9% CAP rate
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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7,524SQFT
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$583$/SQFT
School Information
Description
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flowopportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including newquartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainlesssteel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the drivewayand parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to theproperty. Roof re-coated and resealed in 2022! INVESTMENT HIGHLIGHTS- Renovated units with luxury finishes- Excellent unit mix- CMU construction- Large Units- Electricity & Gas are separately metered- All units have their own washer/dryer- 10 on-site parking spaces- In-place 4.9% CAP rate
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