2144 Kauhana St
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2144 Kauhana St
8 Unit Apartment Building $2,050,000 ($256,250/Unit) 7.11% Cap Rate Honolulu, HI 96816
INVESTMENT HIGHLIGHTS
- Total Buildings: 1
- Parking: 10
- Land SQFT: 9,880
- Total Units: 7 One-Beds, 1 Commercial Office Space
- Zoning: R-5
- Interior SQFT: 5,416
EXECUTIVE SUMMARY
TWO LOTS (38 & 39), 9880 sf of contiguous land, opportunity to build or keep vacant lot as parking. Legal, non-conforming (Lender will lend on 8 units using excellent existing income of over $16K/mo) 7 one bedroom units, 1 commercial office space (previously a convenience store) with lots of parking on adjoining lot. Opportunity to bring one beds to market rents. All but 2 units upgraded: new flooring, bathrooms, and kitchens, easy to rent units, all occupied with seasoned tenants. All tenants pay their own separate electric except unit F, whose meter is combined with the commercial unit. Coin laundry area behind property. Located in the heart of Palolo, across the street from laundromat, with easy access to freeway in all directions. Buyer to accept existing survey performed by Anthony Crook October 19, 2019.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,050,000 | Building Class | C |
| Price Per Unit | $256,250 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 5,416 SF |
| Cap Rate | 7.11% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,050,000 |
| Price Per Unit | $256,250 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,416 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2024 |
| Parking Ratio | 1.84/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 7 | - | - |
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PROPERTY TAXES
| Parcel Number | 1-3-4-023-038-0000 | Improvements Assessment | $311,400 |
| Land Assessment | $1,061,100 | Total Assessment | $1,372,500 |
PROPERTY TAXES
Parcel Number
1-3-4-023-038-0000
Land Assessment
$1,061,100
Improvements Assessment
$311,400
Total Assessment
$1,372,500
ZONING
| Zoning Code | R-5 (R-5 Residential Zoning) |
| R-5 (R-5 Residential Zoning) |
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2144 Kauhana St
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