1125 Hassinger St 13 Unit Apartment Building $3,180,000 ($244,615/Unit) 4% 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
|
PROPERTY FACTS
| Price | $3,180,000 |
| Price Per Unit | $244,615 |
| Sale Type | Investment |
| Cap Rate | 4% |
| 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 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
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 |
CONTACT
-
Kynan Pang - Excel Commercial Realty
