Linda McCabe and Erin McCabe with Coldwell Banker Island Properties
Hawaii Condo ManiaMLS: 202421951 $2,250,000
Bedrooms with 0 Baths1420 WARD AVENUE
HONOLULU HI 96822MLS: 202421951
Status: ACTIVE
List Price: $2,250,000
Price per SQFT: $0
Square Footage: 0Bedrooms
0 Baths
Year Built: 1957
Zip Code: 96822
Listing Remarks
PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% 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.
Address: 1420 WARD AVENUE HONOLULU HI 96822
Listing Courtesy of STANDARD MANAGEMENT LLC
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active LISTING CONTRACT DATE: 2024-09-30 AREA: METRO BUILDING AREA TOTAL: 4386 YEAR BUILT: 1957 TAXES: $4,944 APPLIANCES INCLUDED: Washer CONSTRUCTION: HollowTile, Concrete, WoodFrame COMMUNITY FEATURES: None LAUNDRY FEATURES: Other LOT FEATURES: Other PARKING FEATURES: Assigned, Covered PROPERTY TYPE: Residential PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 9 VIEW: Coastline LISTING AGENT: MICHAEL M OKAMOTO LISTING OFFICE: STANDARD MANAGEMENT LLC LISTING CONTACT: (808) 208-8107
Estimated Monthly Payments
List Price: $2,250,000 20% Down Payment: $450,000 Loan Amount: $1,800,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $11,377 Estimate does not include taxes, fees, insurance.
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Property Location: 1420 WARD AVENUE HONOLULU HI 96822
This Listing
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Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2024-11-22