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404 Magellan Avenue

Urban Honolulu HI 96813

9
3978 sq. ft.
5376 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 7% + 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!

Features

9 carspaces
3978 sq. ft. floor area
5376 sq. ft. lot size
Multi-Family

Happy sellers in Urban Honolulu

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We have insufficient information to provide an overview of customer satisfaction for Urban Honolulu. Viewing the agent profiles, reviews and sales for Urban Honolulu can provide insights for this location.

Local market activity for multi families in Urban Honolulu

In the last 12 months, 5 multi families similar to 404 Magellan Avenue, have been sold.

This represents a 17% increase in multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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