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$ 2,500,000
Est. payment /mo
Active
1420 Ward Avenue Honolulu, HI 96822
4,386 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,386 sqft
Price per Sqft $569
MLS Listing ID 202421951
Year Built 1957
Lot Size 5,515 Sqft
Acres 5515.0
Property Sub-Type Multi-Family
Property Description
Prime investment opportunity - proforma 5.6% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development.
Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
Location
State HI
County Honolulu
Area Metro
Zoning Zone X
Interior
Heating Overhead Electricity, Sewer Fee, Water
Inclusions None
Exterior
Parking Features Assigned, Covered
Garage Spaces 5.0
Utilities Available Overhead Electricity, Sewer Fee, Water
Amenities Available None
View Coastline
Total Parking Spaces 5
Building
Lot Description Other
Story Two, Three
Sewer Connected
Schools
Elementary Schools Royal
Middle Schools Stevenson
High Schools Roosevelt
Others
Ownership FS - Fee Simple
Listed by Standard Management LLC