110 Kuakini St Honolulu, HI 96813

Property Details for 110 Kuakini St

Year built

1965

Property size

3,408 SF

Property type

Commercial real estate

APN

1-2-2-008-007-0000

Description

This exceptional investment opportunity presents a well-maintained, 7-unit apartment building located at 110 S Kuakini Street, Honolulu, HI 96813. The property boasts a desirable location just off the Pali Highway, offering easy access to downtown Honolulu and major freeways. Built in 1965, this two-story, hollow-tile structure comprises 3,408 square feet on a 4,079 square foot lot, zoned R-3.5. The building features six one-bedroom units and one three-bedroom unit, along with six uncovered parking spaces. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $92,349, representing a 5.16% capitalization rate. The asking price is $1,790,000, translating to $255,714.29 per unit and $525.23 per square foot. Individual electric meters eliminate the expense of a master meter, and city services handle trash removal. The property benefits from a recently repaved parking area. This presents a strong value-add opportunity, with potential for increased rental income by adjusting rents to market rates in this sought-after neighborhood. The property is offered as a 1031 exchange opportunity. This is a rare chance to acquire a well-performing multifamily asset in a prime Honolulu location. The property's strong cash flow and potential for appreciation make it an attractive investment for discerning buyers.

Location Insight

City

Honolulu

County

Honolulu

State

Hawaii

Longitude

-157.8512937

Latitude

21.317335