Details:Price: $ 1,580,000 Sold Address: 1024 Green Street Honolulu HI 96822
10 Unit Apartment Building
Well maintained building with extremely low deferred maintenance. Below market rents can EASILY be raised to meet market rents and achieve NOI of $116,873 (download attachment with comparable market analysis and actual inc/exp). 8/10 units nicely renovated w/ granite counters, and all units occupied. Monetized parking for 3 stalls ($300/mo) and coin laundry income ($100/mo).
Excellent location and accessibility off Ward Avenue. You can’t ask for a more stable tenant pool or better market rentability. One bedrooms in the area rent for and average of $1,242! Pro forma is based on very achievable, conservative rents of only $1050 per unit.
“Simplifying the real estate process and making your life easier while achieving your investment goals is easy when you hire the right professional. From opening escrow to signing, and everything in between, I am guided by a spirit of enterprise and a strong work ethic, which means I embrace the challenges of every deal and relentlessly find proactive solutions for my clients.