715 Piikoi St, Honolulu, HI

$5,300,000

Previous Next

12,636

Square feet

0.20

Acres

About 715 Piikoi St

18 CMU one-bedroom units near Ala Moana with 29 parking stalls! Proforma 5.6% cap rate at market rents. Average in-place rents are $1,183, far below market, and all tenants are month-to-month. Each unit is approx. 491 SF and in classic condition, allowing an investor the opportunity to add value by renovating units and increasing rents to market rates. The property consists of 18 one-bedroom/one-bathroom CMU units, each with a private lanai, and most with a sink and mauka views. The property has a large covered parking garage with 29 parking stalls and ingress/egress from Piikoi and Alder St. The secured laundry room has 2 landlord-owned coin-operated washers and dryers and has its own bathroom for tenant convenience. There is abundant landlord storage space on-site. Building is separately metered for electricity and boasts mature landscaping. Walking distance to Walmart and Ala Moana Shopping Center.

Features of 715 Piikoi St

MLS® # 202326083
Price $5,300,000
Bathrooms 0.00
Square Footage 12,636
Acres 0.20
Year Built 1968
Type Multi-Family
Sub-Type Multi-Family
Status In Escrow – Showing

Community Information

Address 715 Piikoi St
Area Metro
Subdivision ALA MOANA
City Honolulu
State HI
Zip Code 96816

Amenities

Amenities None
Utilities Overhead Electricity, Public Water, Sewer Fee, Water
Parking Spaces 29
Parking Assigned, Covered
View Mountain, Other
Is Waterfront No
Has Pool No

Interior

Stories Three
Has Basement No

Exterior

Lot Description Other
Construction Concrete, Hollow Tile, Slab

School Information

Elementary Kaahumanu
Middle Washington
High Mckinley

Additional Information

Date Listed November 28th, 2023
Days on Market 137

Listing Details

OfficeStandard Management LLC
Contact Info(808) 208-8107

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?