904 Piikoi Street

$1,750,000

904 Piikoi Street, Honolulu, HI 96814

For Sale

Premium

Multifamily

Active

Last Updated: 03/04/2025

Details:

NOI: $96,828

Pro Forma Cap Rate : 5.38%

Building Size: 3,183 sqft

Lot Area: 5,911 sqft

Occupancy: 100%

Class: C

Units: 6

Average Room Size: 531 sqft

Year Built: 1940

Price Per Unit: $250,000

Zoning: Kaka`ako Special District Apartment

Floors: 2

Parking Spots: 4

Year Last Renovated: various

Construction Status: complete

Offered by

Christina Dwight

Broker, Owner

Commercial Investment Strategies

#29078

Request Info to Unlock

Highlights:

Value Add Opportunity
Central, Desirable Location
Excellent Visibility
Stable Tenant Pool
Redevelopment (bill 7) Possible

Description:

Prime corner lot in the Kaka`ako Special District on main artery, blocks from Ala Moana Center with 6 units: 1three, 3twos, 2 ones. Currently used by a non-profit that is expanding, so property taxes are super low. All income and expenses are pro forma, and Seller may wish to lease back the property while they find a new home. Request flyer for pro forma income/expenses, rental comparable analysis, and sales comps, along with more property information. Nice layout with existing laundry facilities can easily be converted to coin machines for more income. All units separately metered for electric, multiple gas meters, one water meter.