Two Fee Simple Apartment Buildings for Sale
Two Fee Simple Apartment Buildings for Sale
Two Fee Simple Apartment Buildings for Sale
  • Listings/
  • Two Fee Simple Apartment Buildings for Sale

Two Fee Simple Apartment Buildings for Sale

  • Transaction Type:for sale
  • Property Size:5,914 SF
  • Loopnet:
  • Property Type:Multifamily
  • Land Size:5,949 SF
  • Factsheet

Address

340 N. School St. & 1610 Frog Ln. Honolulu, HI 96817

Price$ 2,400,000 /USD

fee simple
  • Property ID: 5d01bde7870edb000428b639

Description

340-B N. School Street & 1610 Frog Lane consist of 2 apartment buildings containing a total of six (6) units. 340-B N. School Street is a 3-story walk-up building with 3 tandem parking stalls plus an additional 2 stalls on the ground floor plus four (4) 2-bed/1-bath units on the upper 2 levels. 1610 Frog Lane is a 2-story walk up with 1 unit on each floor and 3 parking stalls fronting the property. Each unit comes equipped with an oven/range, refrigerator, washer/dryer, and A/C window unit. The property is currently used as student housing and will be unencumbered with tenant leases at the end of the Spring semester in early July 2019.

Details

  • High Barriers to Entry
  • Lack of New Apartment Building Development 
  • In-Place Rents Below Market Rates
  • Separately Metered Electricity Allows Tenants to be Billed Directly by HECO
  • Strong Demand for Rental Units with Limited Supply in Submarket
Anthony  Provenzano

Anthony Provenzano

Senior Vice President
  • aprovenzano@chaneybrooks.com
  • +1 (808) 544-1780
Steve Sombrero

Steve Sombrero

President
  • ssombrero@chaneybrooks.com
  • +1 (808) 544-1600

Contact us at contactus@chaneybrooks.com or give us a call +1 808-544-1600

We’ll connect you with the best team we have to move your vision forward.

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Since 1960, Cushman & Wakefield ChaneyBrooks has been the leading commercial real estate organization serving the entire Pacific Market.

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Contact Information

1440 Kapiolani Blvd., Suite 1010
Honolulu, HI 96814
Phone: +1 808-544-1600
Fax: +1 808-544-9574
Email: contactus@chaneybrooks.com