Active
437 Namahana Street
Honolulu HI, 96815
$4,000,000
$659.30 per sqft
Active
6,067 sqft
Multi-family
Built in 1966
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition - they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property's overall value.
202415757
MLSⓇ ID
July 9, 2024
Listed
December 5, 2024
Updated
Map
437 Namahana Street
Honolulu HI, 96815
Interior Features
Total Stories
3
Laundry Description
Coin-operated
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Other, Level
Sewer
Connected
School Information
High School
Mckinley
Elementary School
Ala Wai
Other Property Details
Area Name
Metro
Taxes
$7,104
Tax Frequency
Annually
Days on Market
149
Garage
No
Parking
Covered
Parking Total
6
View
No
View Description
None
County
Oahu
Water Source
Public
Pool
No
Courtesy of Standard Management LLC, Michael M Okamoto
Listing Contact: (808) 208-8107
Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS® / HiCentral (HBR) listings last updated on 12/5/2024 8:20 PM UTC. Information is deemed reliable but not guaranteed. Copyright: 2024 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.
©2024 Honolulu Board of REALTORS®/ HICentral. All rights reserved.
Data last updated 8:20 PM UTC, 12/5/2024
