1420 Ward Avenue, Honolulu, HI 96822
- $2,500,000
- List Price
- $2,500,000
- Days on Market
- 3
- MLS#
- 202421951
- Status
- ACTIVE
- Type
- Multifamily
- Sq Ft Total
- 4386
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Punchbowl Lower
Property 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.
/u.realgeeks.media/keystosarasota/blank-logo.png){kind=spacer}
Additional Information
- View
- Coastline
- Zoning
- 12 - A-2 Medium Density Apartme
- Lot Size
- 5,515
- Year Built
- 1957
- Sewer
- Connected
Mortgage Calculator
Listing courtesy of Standard Management LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 208-8107