Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202421951 $2,250,000 Beds /0 Baths
MLS #: 202421951 Status: ACTIVE List Price: $2,250,000 Price SQFT: $0 City: HONOLULU
Beds: Baths: 0 Year: 1957 Zip: 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
Listing Photos
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Last Updated: 2025-04-01