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About This Home
This 0-bedroom, 0-bathroom residential multi family at 404 Magellan Avenue in Honolulu, HI is listed for $2,300,000. Built in 1948, on a N/A lot.
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!
Key Features
- Built in 1948
- 3 stories
- 9 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$12,301/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
404 Magellan Avenue
Honolulu, HI 96813
PUNCHBOWL-LOWER
Property Details
Construction
Views
Parking
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 404 Magellan Avenue is listed at $2,300,000. The estimated monthly payment is $9,967 based on 20% down at 6.5% interest.
Key features include: Built in 1948, 3 stories, 9 parking spaces.
This property is listed by Stephanie Rae Band and can be reached at 8088254277 or stephanie@hawaiidreamhomes.com.
