448 Kaiolu Street

448 Kaiolu Street, Honolulu, HI

$4,250,000

Price

5.36%

Cap Rate

5.54%

Pro Forma Cap Rate

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Street
Map
Overview
Cap Rate
5.36%
Pro Forma Cap Rate
5.54%
NOI
$227,904
Building Size
5,258 sqft
Lot Area
6,241 sqft
Occupancy
100%
Class
B
Units
11
Average Room Size
478 sqft
Year Built
1953
Price Per Unit
$386,364
Zoning
Waikiki Special District--Apartment
Floors
2
Parking Spots
4
Year Last Renovated
2024
Construction Status
complete
Roof
Custom/Specialty
CeilingHeight
300
Description

Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer to accept existing survey to be provided in due diligence package with accepted offer.

Highlights
  • • 11 One Bedroom Units
  • • Parking Stalls: 4
  • • Zoning: Waikiki Special District--Apartment
  • • Year Built: 1953
  • • Land SQFT: 6,241
  • • Building SQFT: 5,258
Documents
Title
CIS_Standard_Addendum.pdf
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Location
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