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219 Kalihi St
Honolulu, HI 96819
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 9,514 SF of I-2 Zoned Land
- Corner Lot with proximity to Amazon's new distribution center, Honolulu Harbor, and future Skyline station.
- Existing income from Apartment Building and Parking Lease
Executive Summary
An incredible opportunity to acquire a fee-simple, I-2 Zoned property with an existing 6 unit apartment building and excess parking lot leased to a commercial transportation company. Collect the cash-flow while you plan your redevelopment of the property for your business. Utilities are separately metered, owner pays for water. Washer and dryer hook ups are available. The corner lot property is well positioned in Kalihi Kai, within proximity to Amazon's new distribution center, Honolulu Harbor, Daniel K. Inouye International Airport, future Skyline stations, Downtown Honolulu, and major thoroughfares.
Property Facts
| Price Per Unit | $448,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,904 SF |
| Cap Rate | 3.41% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | I-2 - Zoning: I-2 (Intensive Industrial District) Intended for a wide range of heavy and light industrial uses. | ||
| Price Per Unit | $448,000 |
| Sale Type | Investment |
| Cap Rate | 3.41% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,904 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | I-2 - Zoning: I-2 (Intensive Industrial District) Intended for a wide range of heavy and light industrial uses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,575 | 484 - 500 |
Property Taxes
| Parcel Number | 1-1-2-006-068-0000 | Improvements Assessment | $164,500 |
| Land Assessment | $2,307,100 | Total Assessment | $2,471,600 |
Property Taxes
Parcel Number
1-1-2-006-068-0000
Land Assessment
$2,307,100
Improvements Assessment
$164,500
Total Assessment
$2,471,600
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