850 Lokahi St

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Address: 850 Lokahi St, Honolulu, HI 96826, USA
Apartments
Created date: March 29, 2024
Date last updated: April 11, 2024

• Total Units: 7
2 Bedroom Units
• Parking Stalls: 7
• Zoning: A-2
• Year Built: 1968
• Land SQFT: 5,104
• Interior SQFT: 5,760

Portfolio Description

Back on Market and ready to sell, Never been in escrow! RARE FIND with GREAT BONES! Huge Two-Bedrooms with stellar, central location and desirable construction. One-to-one parking! All units have washer/dryer hookup with opportunity to add coin laundry for more income. 5 of 7 units vacant, so pro forma rents are provided in the property info package (see Agent remarks) = you can easily ‘manage up’ this beautiful building and reposition it to gain excellent cash flow. Some deferred maintenance, property to be sold As Is, Where Is.

Portfolio Key Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $ 2,300,000
No. of Units: 7
Cap Rate: 5.40%
Year Built: 1968
Building Size: 5760 Sq ft
Lot Size: 5,104 Sq ft
No. of Stories: 3
Opportunity Zone: No
Price per unit: $328,571
Portfolio Website Click Here
Address: 850 Lokahi St, Honolulu, HI 96826, USA

FINANCIAL DETAILS

Income/expense info: Pro Forma
Gross income: 162750
Effective Gross income: 162750
Operating expenses: 38594
Net operating income: 124157

Additional contacts

Full name Phone number Email address
Christina L Dwight 8084291098 [email protected]

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