1420 Ward Avenue
Honolulu, HI 96822
- – beds
- – baths
- – sqft
- 1957 build
- – on site
PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
Last checked:
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Last updated Nov 15, 2024
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MLS# 202421951 —
The Building
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Year Built:1957
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Construction Materials:HollowTile,Concrete,WoodFrame
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Structure Type:Apartment
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Stories:2
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Levels:Two,ThreeOrMore
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Building Area Total:4386.0
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Number Of Units Total:9
Interior
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Laundry Features:Other
The Property
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Property Type:Residential
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Property Sub Type:MultiFamily
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Property Condition:AverageCondition
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Lot Size Area:5515.0
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Lot Features:Other
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Zoning Description:12 - A-2 Medium Density Apartme
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Parcel Number:1-2-1-039-036-0000
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Topography:Sloping
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View:Coastline
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (808) 208-8107
- Office phone:
- (808) 208-8107
Taxes
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Tax Annual Amount:4944.0
Utilities
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Utilities:AboveGroundUtilities,ElectricityAvailable,SewerAvailable,WaterAvailable,SewerConnected
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Sewer:Connected
Appliances
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Appliances:Washer
Schools
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Elementary School:Royal
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Middle Or Junior School:Stevenson
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High School:Roosevelt
The Community
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Subdivision Name:PUNCHBOWL-LOWER
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Community Features:None
Parking
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Parking Total:5.0
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Parking Features:Assigned,Covered
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/12/24
Nov 12, 2024
|
Listed / Active | HI_CENTRAL_MLS | $2,250,000 |
