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2711 Wailaka Rd
Honolulu, HI 96826
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Fully rehabbed and Ready to Lease
- Projected monthly rental income: $20,000/Mo
- Separately metered utilities - electricity and water billed back to tenant
- Each unit approximately 750 SF
- Additional income - parking, laundry, and pet fees
- Near UH
EXECUTIVE SUMMARY
Tenure: Fee Simple
Opportunity
Fully renovated, turnkey asset in the prime area of Moiliili, this property is situated across the street from the Kuilei Place development and near the University of Hawaii at Manoa, this asset benefits from strong student demand and sits in one of Honolulu’s fastest-evolving submarkets, ensuring long-term value growth.
Income & Stability
With 8 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is ready to be leased with projected monthly rents of $20,000 provides immediate returns with minimal near-term capital expenditures.
Opportunity
Fully renovated, turnkey asset in the prime area of Moiliili, this property is situated across the street from the Kuilei Place development and near the University of Hawaii at Manoa, this asset benefits from strong student demand and sits in one of Honolulu’s fastest-evolving submarkets, ensuring long-term value growth.
Income & Stability
With 8 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is ready to be leased with projected monthly rents of $20,000 provides immediate returns with minimal near-term capital expenditures.
PROPERTY FACTS
| Price Per Unit | $531,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.11% | Building Size | 3,968 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | ||
| Zoning | U/12/12 | ||
| Price Per Unit | $531,250 |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,968 SF |
| No. Stories | 1 |
| Year Built | 1929 |
| Zoning | U/12/12 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 750 |
PROPERTY TAXES
| Parcel Number | 1-2-7-027-021-0000 | Improvements Assessment | $214,100 |
| Land Assessment | $1,769,600 | Total Assessment | $1,983,700 |
PROPERTY TAXES
Parcel Number
1-2-7-027-021-0000
Land Assessment
$1,769,600
Improvements Assessment
$214,100
Total Assessment
$1,983,700
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