2014 Fern St

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Address: 2014 Fern St, Honolulu, HI 96826, USA
Created date: September 17, 2024
Date last updated: December 16, 2024

• Total Units: 9
8 One-Bed, 1 Three-Bed Units
• Parking Stalls: 6 Assigned
• Zoning: A-2
• Year Built: 1953
• Land SQFT: 6,400
• Building SQFT: 4,208

Property Description

Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $2,650,000
No. of Units: 9
Cap Rate: 6.38%
Average Occupancy: 100
Year Built: 1953
Building Size: 4,208 Sq ft
Lot Size: 6,400.00 Sq ft
No. of Stories: 2
APN: 1-2-7-002-009-0000
Zoning Code: A-2 Medium Density Apartment
Opportunity Zone: Yes
Price per unit: $294,444
Parking Spaces: 6
Property Website Click Here
Address: 2014 Fern St, Honolulu, HI 96826, USA

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent

FINANCIAL DETAILS

Income/expense info: Actual
Gross income: 213720
Effective Gross income: 213720
Operating expenses: 44756
Net operating income: 168964

Additional contacts

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

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