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Kina Knisley

kinak@kw.com +1(808) 681-9594

Listed by Moana Realty LLC

$ 18,500,000

Est. payment | -/mo

Save

$ 18,500,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Waikiki

MLS Listing ID 202603690

Construction Status Good Condition

HOA Y/N No

Year Built 1971

Annual Tax Amount $25,464

Property Sub-Type Industrial

Property Description

This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district's premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area's aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.

Location

State HI

County Oahu

Area Metro

Building/Complex Name Aloha Waikiki

Interior

Cooling 1 Unit

Flooring Concrete, Other

Fireplace No

Exterior

Parking Features On Site

Community Features None

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected

Total Parking Spaces 36

Building

Story 7

Entry Level Three Or More

Sewer Connected

Level or Stories Three Or More

Construction Status Good Condition

Schools

Elementary Schools Jefferson

Middle Schools Washington

High Schools Kaimuki

Others

Tax ID 1-2-6-017-022-0000

Special Listing Condition None

Nearby Locations

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Kina Knisley

REALTOR® | Lic# RS-78283

kinak@kw.com

+1(808) 681-9594

1347 Kapiolani Blvd Ste. 300, Honolulu, HI, 96814, USA

412 Launiu ST Honolulu, HI 96815

Kina Knisley

Key Details

Location

Interior

Exterior

Building

Schools

Others

412 Launiu ST