Pupukahi and Pupuole Buildings

Sold

$3,250,000

Description
Details
Photos

3 Multifamily Properties Offered at $3,250,000 in Waipahu, HI

PROPERTIES

PROPERTY NAME / ADDRESS, CITY, STATE	PROPERTY TYPE	(SQFT)	YEAR BUILT	INDIVIDUAL PRICE	STATUS
94-322 Pupuole St, Waipahu, HI	Multifamily	5,164	1965	$950,000	SOLD
94-323 Pupuole St, Waipahu, HI	Multifamily	5,247	1965	$1,050,000	SOLD
94-109 Pupukahi St, Waipahu, HI	Multifamily	3,080	1967	$1,150,000	SOLD

INVESTMENT HIGHLIGHTS

17 units for $191,176 per door and attractive return on existing financials.
Synergistic location with future growth from rail.
Value add opportunity with stable income.
Buy 1 or all 3!

ATTACHMENTS

CIS Standard Addendum

Excellent investment opportunity with seasoned tenants, all in a 200 yard radius. Three multi-family properties available for sale together or individually. Actual cap rates and prices are as follows: 94-322 Pupuole: 5.77% ($0.95M); 94-323 Pupuole: 6.01% ($1.15M); 94-109 Pupukahi: 5.84% ($1.15M).

Value add opportunities super close to 2 rail stations. See http://www.honolulu.gov/tod/neighborhood-tod-plans/dpp-tod-waipahu.html for more. Tenant provides its own appliances, all units separately metered for electric, one water meter. Hollow tile walk ups, no vacancies.

Do not disturb tenants, knock on doors, nor park on property. Email info@christinadwight.com for marketing package with income/expense and IRR calculation. See attachments for standard addendum (please submit with all offers), and pls use Commercial PSA, LBP, Leasehold Addendum & As Is Addendum.