1240 Young Street

$2,800,000

1240 Young Street, Honolulu, HI 96814

For Sale

Premium

Multifamily

Active

Last Updated: 03/19/2025

Details:

Cap Rate: 3.71%

NOI: $107,663

Building Size: 5,088 sqft

Lot Area: 7,921 sqft

Occupancy: 100%

Class: C

Units: 10

Year Built: 1961

Zoning: BMX-3

Parking Spots: 7

Offered by

Christina Dwight

Broker, Owner

Commercial Investment Strategies

#29078

Request Info to Unlock

Description:

COMMERCIAL LISTING. BMX-3 Zoned with residential use exemption makes this property super desirable for its many possible uses. Owners never thought they'd sell, so have kept the building in top shape with low rents to eliminate vacancies. 10 units: 6 ones, 4 twos, 7 parking & 100% occupancy. Super clean, upgraded interiors. All but one unit is renovated. Hollow tile construction, nice private grass yard common area, and excellent location make this property easy to "manage up": charge for parking, install coin laundry, and increase the rent to market rates. All units have laundry hookups; all machines owned by tenants. Buyer to accept existing survey performed by Walter Thompson Inc November 1, 2000.