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2517 Ala Wai Blvd 19 Unit Apartment Building $3,800,000 ($200,000/Unit) 5.39% Cap Rate Honolulu, HI 96815
Investment Highlights
- • Total Units: 19 • 3 One-Bedrooms • 16 Studios
- • Year Built: 1942
- • 6,259qft of Interio
- • Parking: 3
- • 7,476sqft of Land
Executive Summary
Phenomenal return on existing rents with upside! 19 unit apartment building with 2 buildings consisting of 16
studios and 3 one/ones. All units occupied with stable tenant base. Nicely maintained interiors with good layouts
w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side,
some separate meters for electric, though owner pays electric for all front bldg and 2 back bldg units, gas, and
water. Do not walk property nor disturb the tenants. Bill 7 development possible, owner has some dd items to
share with accepted offer.
studios and 3 one/ones. All units occupied with stable tenant base. Nicely maintained interiors with good layouts
w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side,
some separate meters for electric, though owner pays electric for all front bldg and 2 back bldg units, gas, and
water. Do not walk property nor disturb the tenants. Bill 7 development possible, owner has some dd items to
share with accepted offer.
Property Facts
| Price | $3,800,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,259 SF |
| Cap Rate | 5.39% | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1942 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | X2 - Apartment Precinct | ||
| Price | $3,800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,259 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1942 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | X2 - Apartment Precinct |
Amenities
Unit Amenities
- Air Conditioning
- Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 329 |
| 3+1 | 3 | - | 329 |
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Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1-2-6-025-041-0000 | Improvements Assessment | $238,000 |
| Land Assessment | $2,990,400 | Total Assessment | $3,228,400 |
Property Taxes
Parcel Number
1-2-6-025-041-0000
Land Assessment
$2,990,400
Improvements Assessment
$238,000
Total Assessment
$3,228,400
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2517 Ala Wai Blvd