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1671 Citron St
Honolulu, HI 96826
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- 5% CAP
- Full Occupied Below Market Rents for an opportunity to increase value and NOI (month to month leases)
- 1:1 Parking plus plenty of street parking
- Low Maintenance
- Solid Concrete first floor with Long lasting Metal Roof
- Separately metered electric
EXECUTIVE SUMMARY
$100,000 Price Improvement - Motivated Seller! 5.35% CAP - PRIME investment opportunity in the heart of Honolulu!Located at 1671 Citron Street, this well-maintained multi-family property offers exceptional value in a high-demand unbeatable urban setting. The concrete first floor and durable metal roofing provide long-lasting structural integrity, ideal for withstanding Hawaii’s climate. Each of the five units comes with convenient 1:1 parking, a rare and valuable amenity in town. Just steps away from a vibrant mix of restaurants, grocery stores, and shops, this property is ideally positioned for both tenants and investors. Featuring a desirable unit mix of (3) 1-bedroom and (2) 2-bedroom units each with its own lanai and original built-in cabinet storage. This building is separately metered for electricity and includes ample on-site storage. All five units are currently tenant-occupied, month-to-month with rents under-market offering immediate potential to increase income and capture strong rental upside in one of Oahu’s most dynamic neighborhoods. Don’t miss this chance to invest in a high-demand area with consistent and proven rent and property value growth!
PROPERTY FACTS
| Price Per Unit | $317,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.35% | Building Size | 2,496 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 2/1,000 SF |
| Zoning | A-2 | ||
| Price Per Unit | $317,800 |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 2,496 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2/1,000 SF |
| Zoning | A-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
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