1436 Liliha Street
Honolulu, HI 96817 ·
33 Units · Multifamily For Sale
1436 Liliha Street
|No. Units||33||Cap Rate||6.45%|
|Building Size||17,616 SF||Occupancy||100%|
|Property Type||Multifamily||No. Stories||3|
|Property Use Type||Investment||Lot Size||18,875 SF|
|Listing ID: 14216081||Date Created: 05/20/2005||Last Updated: 12/04/2006|
Attractive 3-story hollow/tile complex with 18 one-bedroom, 12 two-bedrooom, and 3 commercial units near downtown Honolulu. One commercial unit at below market rent ($350/mo) until 2/28/07. Other commercial unit renting at $1500/mo with 3% annual increases. Near bus line and neighborhood shopping center. New building exterior paint, exterior light fixtures, landscaping, fencing; parking lot re-coated; some units renovated. Sale includes 1431 Holelua Place used as parking. 33 to 34 parking stalls (parking stalls on Holelua Place side of property is owner-striped, legality/conformance not guaranteed. Road widening setback along Holelua Place. Income statement is a projection. Buyer to develop its own assumptions, analysis, and income/expense statement and not rely on this. Many of the expense figures are from previous owner.
Convenience to downtown, Chinatown, major hospitals and clinics, library, COSTCO, Home Depot, newly developing Best Buy electronics store, neighborhood shopping center with supermarket, bank, food establishments, and busline.
- Well maintained building
- Newly painted exterior, exterior lights, fence
- Parking recently re-coated
- Convenience to downtown, shopping, banks, busline
- Cap rate and income statement are projected figures
- Make offer subject to inspection; submit buyer qualifications.
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