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The Cambridge 922 Mccully St 9 Unit Apartment Building $4,300,000 ($477,778/Unit) 3.76% Cap Rate Honolulu, HI 96826
Investment Highlights
- Total Units: 9
- Parking: 13
- 7,114sqft of Land
- Unit Type: Three-Bedrooms
- Year Built: 1982
- 8,886sqft of Interior
Executive Summary
Priced Below Assessed Value! Unique, 9-three-bed, TWO-bath units with 13 covered parking. Concrete construction. Located less than a mile to UH Manoa and Waikiki. Condo-converted (each unit has its own TMK) for flexible exit strategies. Features 3 stacks of 3 units, each stack with separate, secured entries for rare privacy. Landlord-owned laundry in each unit. Massive value-add potential: raise rents, charge for parking, and monetize laundry!
Property Facts
| Price | $4,300,000 | Building Class | C |
| Price Per Unit | $477,778 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 8,886 SF |
| Cap Rate | 3.76% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Apartment Style | Mid-Rise | Cross Streets | Algaronba Street |
| Zoning | A-2 | ||
| Price | $4,300,000 |
| Price Per Unit | $477,778 |
| Sale Type | Investment |
| Cap Rate | 3.76% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,886 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1982 |
| Parking Ratio | 1.46/1,000 SF |
| Cross Streets | Algaronba Street |
| Zoning | A-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 9 | - | 987 |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,724,700 | |
| Land Assessment | $1,613,400 | Total Assessment | $4,338,100 |
Property Taxes
Parcel Numbers
Land Assessment
$1,613,400
Improvements Assessment
$2,724,700
Total Assessment
$4,338,100
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The Cambridge | 922 Mccully St