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!
Presented By: Compass; (808) 825-4277
Interior Features for 404 Magellan Avenue
Bathrooms
Total Baths
Other Interior Features
Furnished Y/NPartially
Laundry FeaturesCoin-operated
General for 404 Magellan Avenue
AppliancesDryer, Washer
AttributionContact(808) 825-4277
CityHonolulu
Community FeaturesNone
Construction MaterialsHollow Tile, Other, Single Wall, Wood Frame
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