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Listed by Compass
$ 1,750,000
Est. payment | /mo
$ 1,750,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Kapahulu
MLS Listing ID 202505011
Construction Status Average Condition,Repairs Major
HOA Y/N No
Year Built 1973
Annual Tax Amount $6,847
Property Sub-Type Multi Family
Property Description
NEW PRICE $1,750,000! Excellent investment opportunity in Kapahulu on a large, level 7,036 sq. ft. lot with A-2 zoning.
This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units.
Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000+/month after updates, plus additional income from parking.
For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density.
Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.
This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units.
Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000+/month after updates, plus additional income from parking.
For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density.
Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.
Location
State HI
County Oahu
Area Metro
Interior
Fireplace No
Exterior
Parking Features Open
Community Features None
Utilities Available Above Ground Utilities, Electricity Available, Water Available, Sewer Connected
View Y/N No
View None
Total Parking Spaces 10
Building
Lot Description Cleared, Level
Dwelling Type Multi Family,Triplex
Entry Level Two
Sewer Connected
Water Public
Level or Stories Two
Construction Status Average Condition,Repairs Major
Others
Tax ID 1-2-7-035-010-0000
Special Listing Condition None
