Obsidian Real Estate Hawaii
Listed by Obsidian Real Estate Hawaii
$2,500,000
2458 Wilder Avenue
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 4,450
Units 6
Cap Rate 3.70%
NOI $93,000
Occupancy 100%
Pro-Forma Cap Rate 5.20%
Pro-Forma NOI $131,695
Price per SqFt $562
Broker Co-Op Yes
Class C
Lot Size (SqFt) 10,417
Parking Spaces 11 spaces
Parking per 1,000 SqFt 2.47
Investment Type Value Add
Multifamily | 6 Units | $416,666/unit
Marketing description
A rarely available, well-maintained, walk-up apartment building near UH Manoa that is NOT in a flood zone is a significant saving. The building is solid concrete but not on stilts. It sits on a larger-than-average lot size (over 10,000 SF.!), which allows for additional parking, more land appreciation, and less future structural maintenance. Not only is the land vast for a 6-unit building, but the units are more significant, with the 2-bed units averaging 700 SF and the 1-bed unit approximately 550 SF. The ground-floor units have private/fenced backyard areas, while the second-level apartments have city views. Don't let your investor miss out on this building. The rents are pro forma based on HUD.GOV fair market rents.
Investment highlights
- $2.5M
- Fee Simple
- Well Maintained
- Brick & Block Construction
- Year Built: 1969
- Large Land Area
- Larger Than Average Units
- 11 Parking Stalls (6 regular & 3 Tandem)
- City & County Trash Pickup
- Laundry Facility on Site
- Separate Electric Meters
Listing Contacts
Obsidian Real Estate Hawaii
Listed by Obsidian Real Estate Hawaii
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,000.00
$7,750.00/mo
Valuation Metrics
0
DSCR
3.72%
Cap Rate
3.72%
ROI
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