Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202421815 $8,000,000 Beds /0 Baths
MLS #: 202421815 Status: ACTIVE List Price: $8,000,000 Price SQFT: $0 City: HONOLULU
Beds: Baths: 0 Year: 1974 Zip: 96813
Listing Remarks
20-UNIT RENOVATED APARTMENT BUILDING FOR SALE! 20-unit, renovated CMU apartment building with 20 covered and secured parking stalls, just outside downtown Honolulu. The property is 100% occupied and provides high, stable cash flow due to upgraded units, a secured building, and a convenient location. Fantastic unit mix of (18) 2-bedroom units with lanais and (2) 1-bedroom units, each with a private, secured entrance and front lanai. The entire property is fenced and gated, with keyed security doors and a roll-up gate on the parking garage. Landlord-owned, coin-operated laundry and a leased roof antenna for additional income. In addition to exterior renovations, including landscaping and a roof re-coating, unit interiors were upgraded with luxury finishes, including new paint, LVT flooring, cabinets, counters, appliances, and light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, renovated, and stable building in town. Proforma 4.77% cap!
Address: 1463 LUSITANA STREET HONOLULU HI 96813
Listing Courtesy of STANDARD MANAGEMENT LLC
Listing Photos
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Last Updated: 2025-03-31