Obsidian Real Estate Hawaii
Listed by Obsidian Real Estate Hawaii
$8,000,000
809 Kinau Street
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 11,934
Units 27
Cap Rate 4.06%
NOI $325,000
Occupancy 100%
Pro-Forma Cap Rate 6.62%
Pro-Forma NOI $529,590
Year Built 1961
Buildings 1
Stories 3
Lot Size (SqFt) 13,322
Zoning A-2
Parking Spaces 21 spaces
Investment Type Stabilized
Multifamily | 27 Units | $296,296/unit
Marketing description
The Owner says Sell! Let their loss be your gain. This is an opportunity to purchase a hedge against inflation that will appreciate over time. It is a solid concrete apartment building with 27 1-bedroom units, each separately metered for utilities (except water). The location is convenient for renters, offering freeway access in any direction and being within walking distance to Ward Village, downtown Honolulu, and essential services. It gets better: the property is NOT in a flood zone and the leases are short-term, allowing for rental growth and flexibility. Don’t miss out on this gem!
Investment highlights
Concrete building
Immediate cash-flow
Appreciation over time due to market demand
Tax advantages
Short-term leases
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
$325,000.00
$27,083.33/mo
Valuation Metrics
0
DSCR
4.06%
Cap Rate
4.06%
ROI
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