404 Magellan Ave Honolulu, HI 96813
9-unit property in Honolulu with income upside potential.
Property Features for 404 Magellan Ave
General Information
- Standard status
- Active
Building Details
- Year built
- 1948
Source:
Corcoran
Listing Agency: COMPASS Listing Agent: Stephanie Rae Band
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Honolulu 9-Unit Investment Opportunity
Located in Honolulu, the property at 404 Magellan Ave features nine units. The building has nine separate electric meters and nine separate gas meters. Each unit is equipped with its own gas water heater. The property is currently generating income with a solid rental history. The property is located close to schools, shops, and major transit routes, and offers long-term growth opportunities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.8517363
- Latitude
- 21.3105239
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FAQs
What type of property is this?
Apartment building - 9-unit property in Honolulu with income upside potential.
Where is this apartment building located?
The property is located at 404 Magellan Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: - High Income Potential: Achieve a 5.7-6% cap rate with minor changes.; - Separate Utilities: 9 individual electric and gas meters, plus individual gas water heaters for each unit.; - Strong Rental History: Currently generating income with a solid rental history.
