437 Namahana Street, Honolulu, HI 96815 (MLS # 202415757)
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Unique opportunity to acquire fee simple ownership of a strategically located parcel of land in Waikiki which is improved with a 12-unit apartment building and 6 parking stalls. This prime property is currently near the end of the ground lease term which is set to expire on January 1, 2025, presenting an investor the rare chance to own a fee simple apartment building in Waikiki. This distinguished property features a well-maintained, fully leased 12-unit apartment building, generating steady rental income. The approaching expiration of the ground lease provides a timely opportunity for investors to unlock further value through redevelopment or enhancement of the existing improvements. Ideal for investors looking to capitalize on the ground lease expiration, this property offers significant value-add opportunities. By renovating the apartment building and adjusting rents to market rates, investors can maximize returns and enhance the property's overall value.
| DAYS ON MARKET | 61 | LAST UPDATED | 7/22/2024 |
|---|---|---|---|
| TRACT | WAIKIKI | YEAR BUILT | 1966 |
| COMMUNITY | Metro | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ala Wai |
|---|---|
| Jr. High School | Washington |
| High School | Mckinley |
| ADDITIONAL DETAILS | |
| AREA | Metro |
|---|---|
| LOT | 4356 sq ft |
| LOT DESCRIPTION | Level |
| STORIES | 3 |
| SUBDIVISION | WAIKIKI |
| TAXES | 7104 |
| UTILITIES | Cable Available, Sewer Connected |
| WATER | Public |
| ZONING | X2 - Apartment Precinct |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Standard Management LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 9/7/24 7:29 PM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2024 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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.
active listings last updated on 9/7/24 7:29 PM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2024 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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.
This IDX solution is (c) Diverse Solutions 2024.