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1640 Lusitana St 10 Unit Apartment Building $2,888,000 ($288,800/Unit) 4.68% Cap Rate Honolulu, HI 96813
INVESTMENT HIGHLIGHTS
- Total Units: 10
- Parking: 10
- 12,285sqft of Land
- Unit Type: One-Bedroom
- Year Built: 1958
- 3,634sqft of Interior
EXECUTIVE SUMMARY
Live in one, rent out the others! Perfect starter investment property. Huge lot with space in back for yard/ garden/ possible duplex. Owner was told the back part of the lot could be developed with a home, and has driveway plan for accessing it separately, if you subdivide (***Buyer to confirm with their own due diligence***). Convenient location less than half a mile from downtown Honolulu, hollow tile construction with 10 one bedrooms, 10 parking. All units pay their own electric. CAM meters for electric, gas (for dryer), and water. Property is self-managed, and has owned coin laundry.
PROPERTY FACTS
| Price | $2,888,000 | Building Class | C |
| Price Per Unit | $288,800 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 3,634 SF |
| Cap Rate | 4.68% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2007 |
| Property Subtype | Apartment | Parking Ratio | 2.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3.5 | ||
| Price | $2,888,000 |
| Price Per Unit | $288,800 |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,634 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2007 |
| Parking Ratio | 2.75/1,000 SF |
| Zoning | R-3.5 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 363 |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (72)
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1640 Lusitana St
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