1125 Hassinger St
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1125 Hassinger St
13 Unit Apartment Building $3,380,000 ($260,000/Unit) 3.76% Cap Rate Honolulu, HI 96822
Investment Highlights
- 13-Unit Building: 12 (studios) & 1 (1bd/1ba)
- Excellent location in the heart of Makiki, Honolulu - Strong Base of Tenants
- Recently Renovated - New Windows, Flooring, Exterior & Interior Paint, and Entry Doors
Executive Summary
A prime multifamily investment opportunity in Makiki, Honolulu. The 13-unit building consisting of 12 (studios) & 1 (1bd/1ba) unit has a current gross income of $223K / year. The owner has completed recent renovations such as new windows, flooring, exterior and interior paint, and entry doors. Tenants have access to a common laundry area. There are 5 parking stalls on-site. Utilities are the Owner's responsibility as there is only one house meter for electricity, water, and gas. The property is conveniently located within proximity to Safeway Beretania, the post office, bus routes, and freeway access.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,380,000 | Building Class | C |
| Price Per Unit | $260,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,817 SF |
| Cap Rate | 3.76% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/1950 |
| Property Subtype | Apartment | Parking Ratio | 2.84/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,380,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 3.76% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,817 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/1950 |
| Parking Ratio | 2.84/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 410 |
| 1+1 | 1 | - | 793 |
1 of 1
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (81)
zoning
| Zoning Code | A2 |
| A2 |
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1125 Hassinger St
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