Rare Honolulu Multifamily 9 Units - Strong Income Potential
Smart Investors Look Here → $185,400 Income @ 5.7% CAP Rate
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Investment Opportunity with Immediate Income Upside – 7% CAP Potential!
Prime investment opportunity in the heart of Honolulu! Take ownership of 404 Magellan Ave, a solid 9-unit property offering exceptional upside and flexibility. With 9 separate electric meters, 9 gas meters, and individual gas water heaters, tenants enjoy full independence—minimizing ownership costs and simplifying management.
Upon acquisition, new ownership can provide 45 days’ notice to tenants and adjust rents to current market levels, bringing the property to an estimated 7% CAP rate. Light remodeling or upgrades could further boost returns and property value.
Located near schools, shopping, and major transit routes, this is a rare opportunity to step into immediate cash flow with significant rent growth potential in one of Honolulu’s most desirable rental markets.
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