2014 Fern St
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2014 Fern St
9 Unit Block of Flats £2,343,817 (£260,424/Unit) 5.65% Net Initial Yield Honolulu, HI 96826
Investment Highlights
- • Total Units: 9 8 One-Bed, 1 Three-Bed Units
- • Zoning: A-2
- • Land SQFT: 6,400
- • Parking Stalls: 6 Assigned
- • Year Built: 1953
- • Building SQFT: 4,208
Executive Summary
Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,343,817 | Apartment Style | Low Rise |
| Price Per Unit | £260,424 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Net Initial Yield | 5.65% | Building Size | 4,208 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 9 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Price | £2,343,817 |
| Price Per Unit | £260,424 |
| Sale Type | Investment |
| Net Initial Yield | 5.65% |
| Sale Conditions | 1031 Exchange |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,208 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.43/1,000 SF |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+0 | 8 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Biker's Paradise (98)
zoning
| Zoning Code | A-2 (Medium Density Apartment) |
| A-2 (Medium Density Apartment) |
-
Christina Low Dwight -
Commercial Investment Strategies LLC
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2014 Fern St
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