1420 Ward Avenue Honolulu Oahu 96822
1420 Ward Avenue Honolulu Oahu 96822
1420 Ward Avenue, Honolulu, HI, 96822Basics
- Date added: Added 2 weeks ago
- Category: Multi-Family
- Type: Multi-Family
- Status: Active
- Area: 4386 sq ft
- Lot size: 5515.00, 2024-09-30T07:22:53.150 sq ft
- Year built: 1957
- MLS ID: 202421951
- Zoning: 12 - A-2 Medium Density Apartme
- List Office Name: Standard Management LLC
- View: Coastline
Description
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Description:
Prime investment opportunity - proforma 5.6% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development.
Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
Location
- CountyOrParish: Oahu
- Neighborhoods: PUNCHBOWL-LOWER
Building Details
- Exterior material: Concrete, Hollow Tile, Wood Frame
- Roof: Asphalt Shingle, Other
- Parking: Assigned, Covered
Amenities & Features
- Parking Total: 5
- Pets Allowed: No
- Amenities:
- Features: