$2,250,000
$250k
1420 Ward Ave, Honolulu, HI 96822
- -Bed
- -Bath
- 4386SqFt
- -Bed
- -Bath
- 4386SqFt
- Property TypeCondo
- Year Built1957
- Price per Sqft$513
- On highrises135 Days
Property Details
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.
Property Features
Bathrooms
- Total Bathrooms: 0
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Michael Okamoto
- state license#RB-22000
- Brokered by:
- Standard Management Llc
- (808) 208-8107