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829 Waiaka Pl
Honolulu, HI 96816
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Fully Lease Property
- 6 Units - All 2BD / 1BA
- 10 Marked Parking Stalls
- Long-term Leases in Place
- Monthly rental income: $14,850/Mo
- Common Laundry (tenant-paid)
Executive Summary
Fully renovated 6-unit multifamily property Fee Simple For Sale.
This recently rehabbed 6-unit multifamily property in the heart of Moiliili offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems.
Income & Stability
With 10 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is fully leased with monthly in-place rents of $14,850 provides immediate returns with minimal near-term capital expenditures.
Prime Location
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.
This recently rehabbed 6-unit multifamily property in the heart of Moiliili offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems.
Income & Stability
With 10 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is fully leased with monthly in-place rents of $14,850 provides immediate returns with minimal near-term capital expenditures.
Prime Location
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.
Property Facts
| Price Per Unit | $432,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,770 SF |
| Cap Rate | 6.20% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Building Class | C | ||
| Zoning | A-2 - Apartment Zoned | ||
| Price Per Unit | $432,500 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,770 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | A-2 - Apartment Zoned |
Amenities
Unit Amenities
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 1-2-7-027-051-0000 | Improvements Assessment | $267,700 |
| Land Assessment | $1,251,600 | Total Assessment | $1,519,300 |
Property Taxes
Parcel Number
1-2-7-027-051-0000
Land Assessment
$1,251,600
Improvements Assessment
$267,700
Total Assessment
$1,519,300
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