404 Magellan Avenue, Honolulu, HI 96813
sale
$2,300,000
|
Other
Courtesy Of Compass
PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 5.7-6% CAP RATE W/ ONLY A FEW MINOR CHANGES!! - In the heart of Honolulu this 9-unit property at 404 Magellan Ave offers a strong foundation with 9 separate electric meters, 9 separate gas meters, and individual gas water heaters for each unit-a rare setup that maximizes tenant independence and reduces ownership expenses. The building is currently generating income with solid rental history, and offers excellent upside potential: simply increase rents to market value or enhance returns with light remodeling or upgrades. This property provides flexibility and long-term growth opportunities in a highly desirable location close to schools, shops, and major transit routes. A must-see for investors looking for cash flow today and room to grow tomorrow!
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Property Features
- Age: Over 50 Years Old
- Building Units: 9
- Exterior Type: Concrete
- Exterior Type: Block
- Exterior Type: Wood Frame
- Floors: 3
- MLSID: 202521051
- Parking Spaces: 9
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