250 Kapili St
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250 Kapili St
12 Unit Apartment Building $2,900,000 ($241,667/Unit) 4.70% Cap Rate Honolulu, HI 96815
INVESTMENT HIGHLIGHTS
- Close proximity to Waikiki beach
- Secure building with elevator
- Covered parking
EXECUTIVE SUMMARY
GEM IN WAIKIKI: Secure Building with 12 units: 6 studios, 6 ones, and 1 ground floor office with security monitors, and over 9,000 sq. ft., of interior. 8 covered parking with secure electrical room, keyed lobby and stairs. Elevator and fire stand pipe. All units separately metered for electric, one water meter. Solid concrete construction on corner lot, one way access only for mostly local traffic. Secure laundry room with machines leased for $62.83/month and the property manager collects the coins. Additional income potential by bringing all units to market rents, charging for all parking and for each storage area (4).
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 | $2,900,000 | Building Class | C |
| Price Per Unit | $241,667 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 9,004 SF |
| Cap Rate | 4.70% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $2,900,000 |
| Price Per Unit | $241,667 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 9,004 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1961 |
| Parking Ratio | 0.89/1,000 SF |
SITE AMENITIES
- Laundry Facilities
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 6 | - | - |
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Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (96)
ZONING
| Zoning Code | U/X2/12 (Waikiki Special District, Apartment Precinct) |
| U/X2/12 (Waikiki Special District, Apartment Precinct) |
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250 Kapili St
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