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1640 Lusitana St 10 Unit Apartment Building £2,139,806 (£213,981/Unit) 4.68% Net Initial Yield Honolulu, HI 96813



INVESTMENT HIGHLIGHTS
- Total Units: 10
- Parking: 10
- 12,285sqft of Land
- Unit Type: One-Bedroom
- Year Built: 1958
- 3,634sqft of Interior
EXECUTIVE SUMMARY
Live in one, rent out the others! Perfect starter investment property. Huge lot with space in back for yard/ garden/ possible duplex. Owner was told the back part of the lot could be developed with a home, and has driveway plan for accessing it separately, if you subdivide (***Buyer to confirm with their own due diligence***). Convenient location less than half a mile from downtown Honolulu, hollow tile construction with 10 one bedrooms, 10 parking. All units pay their own electric. CAM meters for electric, gas (for dryer), and water. Property is self-managed, and has owned coin laundry.
PROPERTY FACTS
| Price | £2,139,806 | Costar Property Class | C |
| Price Per Unit | £213,981 | Total Plot Size | 0.28 ac |
| Sale Type | Investment | Property Size | 3,634 sq ft |
| Yield | 4.68% | Average Occupancy | 100% |
| No. Units | 10 | No. Floors | 1 |
| Property Type | Build-to-Rent | Year Built/Renovated | 1958/2007 |
| Property Subtype | Apartment | Parking Allocation | 2.75/1,000 sq ft |
| Apartment Style | Low-Rise | ||
| Use Class | R-3.5 | ||
| Price | £2,139,806 |
| Price Per Unit | £213,981 |
| Sale Type | Investment |
| Yield | 4.68% |
| No. Units | 10 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.28 ac |
| Property Size | 3,634 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built/Renovated | 1958/2007 |
| Parking Allocation | 2.75/1,000 sq ft |
| Use Class | R-3.5 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 10 | - | 363 |
1 1
Walk Score®
Easily Walkable (81)
Transit Score®
Excellent Public Transport (72)
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1640 Lusitana St
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