1218 N King Street
$4,600,000
1218 North King Street, Honolulu, HI 96817
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 02/22/2025
4.91
Cap Rate
6.55
Pro Forma Cap Rate
Details:
Cap Rate: 4.91%
Pro Forma Cap Rate : 6.55%
NOI: $225,637
Building Size: 10,785 sqft
Lot Area: 9,507 sqft
Occupancy: 95%
Class: B
Units: 17
Average Room Size: 634 sqft
Year Built: 1970
Price Per Unit: $270,588
Zoning: BMX-3
Floors: 3
Parking Spots: 173
Year Last Renovated: 2022
Construction Status: complete
Roof: Other
CeilingHeight: 200
Highlights:
- Total Buildings: 2
- Units: 9 One-Bed, 4 Two-Bed, 1 Three-Bed, 1 Warehouse, 4 Retail
- Parking: 17 *3 tandem, not including stalls fronting the building
- Zoning: BMX-3
- Year Built: 1970
- Land SQFT: 9,507
- Interior SQFT: 10,785
Description:
Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.
Location
Gallery
