$7,995,000
$355k
1463 Lusitana St, Honolulu, HI 96813
- -Bed
- -Bath
- 14593SqFt
- -Bed
- -Bath
- 14593SqFt
- Property TypeCondo
- Year Built1974
- Price per Sqft$548
- On highrises160 Days
Property Details
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 4.78% cap!
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