Exceptional opportunity to acquire a well-maintained 11-unit concrete apartment building in the highly desirable Makiki neighborhood, directly across from Makiki District Park. This investment property features eleven renovated 1-bedroom, 1-bath units with dens, averaging approximately 644 sq. ft. each. Every unit includes a private lanai and one assigned parking stall, with abundant natural light, cool trade winds, and pleasant views. Residents enjoy the convenience of an on-site coin-operated laundry. Ideally located just minutes from H-1 Freeway access, Punahou School, Maryknoll School, Kapiolani Medical Center, Shriners Children's Hawai?i, shopping, dining, and public transportation. Ownership has invested over $500,000 in recent capital improvements, reflecting pride of ownership and reducing near-term capital expenditure needs. Current rents are below market, providing an attractive value-add opportunity with future income growth potential. Fee Simple. Property to be sold in AS IS condition. Please do not disturb tenants.
| MLS # | 202611622 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 68 |
| Listing Provided By | HI Choice Realty | Susan N Moore |
| SQ Feet | 7,084 |
|---|---|
| Units | 11 |
| Zoning | 12 - A-2 Medium Density Apartme |
| Property View | City, Garden, Mountains, Sunrise |
| Construction Materials | Hollow Tile, Concrete |
|---|
| Community Features | None, Other |
|---|
| Property | 8844 |
|---|
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96822 |
| Area | Oahu |
| Community Name | MAKIKI AREA |
| Listing VS Median (in MAKIKI AREA) | |
Price: $5,300,000 low | high Med: $349,000 sqft: 7,084 low | high Med: 716 $ / sqft: $748 low | high Med: $487 On site: 68 low | high Med: 43 | |
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96822 |
| Area | Oahu |
| Community Name | MAKIKI AREA |
| Listing VS Median (in MAKIKI AREA) | |
Price: $5,300,000 low | high Med: $349,000 sqft: 7,084 low | high Med: 716 $ / sqft: $748 low | high Med: $487 On site: 68 low | high Med: 43 | |