Kapalama Multi Family

Overview

Discover a rare chance to invest in not one, but two revenue-generating properties that promise exceptional returns: Prime, 2 Level Apartment Building: 6 units, each fetching $1,200 - $1,600 in monthly rent (current rent is under market value) Ample parking with 5 dedicated stalls A steady cash flow from reliable tenants Corner Parking Lot w/Endless Potential: 5 tandem spaces generating $3,000 per month Lot is equipped with water/sewer meters for added convenience It is zoned for Industrial I-2 : office/commercial gentrification, presenting a unique opportunity for future development This is not just an investment; it's a doorway to unlocking the full potential of these strategically positioned properties. Act now and seize the opportunity to diversify your portfolio with this unicorn investment. Contact us today to schedule a viewing and explore the untapped possibilities that await!

Property Details

Building Type: Multi Dwellings
Construction Materials: Brick
Neighborhood: Kapalama
Net Operating Income: 96600.00
Number Of Units Total: 6
Parking Features: Assigned, Open
Parking Total: 15
Property Type: Residential Income
Status: Active
Total Actual Rent: $10,300
Total Annual Operating Expenses: $26,400
Total Income: $123,600
Year Built: 1960
Year Remodeled: 1970

Additional Property Info

Disclosures: Property Disclosure Stmt
Days on Market: 51
Flood Zone: Zone X
Property Condition: Above Average
Roof: Asphalt Shingle
Tax Amount: $2,200
Tax Assessed Value: $2,388,300
Tax Assessed Value Improvements: $166,100
Tax Assessed Value Land: $2,222,200
Topography: Level
Utilities: Cable, Internet, Water
Zoning: 42 - I-2 General Industrial Dis

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Courtesy of Celester Thomas, Soldier To Soldier HI Realty.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

Kapalama Multi Family

219 Kalihi Street, Honolulu, Oahu 96819 Get Directions

$2,550,000