About 1223 Wilder Avenue
An amazing opportunity to own a multifamily property in the heart of the desirable Makiki neighborhood. The 6-unit property consists of a 5-unit apartment building made up of 3 (1bd/1ba) and 2 (2bd/1ba) units, along with a 4bd/2ba single family house. All units are separately metered for electricity. The large house allows an owner the potential to "house hack" the property and offset their housing expenses with the other 5 units' rental income. The property recently underwent significant renovation, including new flooring, paint, windows, ceiling fans, appliances, and fixtures to all of the units making this a turn-key investment with excellent return metrics yielding a 4.6% cap rate at acquisition. Well positioned within proximity to Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana.
Features of 1223 Wilder Avenue
| MLS® # | 202516779 |
|---|---|
| Price | $2,800,000 |
| Bathrooms | 0.00 |
| Acres | 0.13 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1223 Wilder Avenue |
|---|---|
| Area | Metro |
| Subdivision | MAKIKI AREA |
| City | Honolulu |
| County | Oahu |
| State | HI |
| Zip Code | 96822 |
Amenities
| Utilities | Cable Available, High Speed Internet Available, Water Available, Sewer Connected, Natural Gas Available |
|---|---|
| Parking Spaces | 5 |
| Parking | Open |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
| Stories | Two |
Exterior
| Exterior | Single Wall, Wood Frame, Brick |
|---|
School Information
| Elementary | Lincoln |
|---|---|
| Middle | Stevenson |
| High | Roosevelt |
Additional Information
| Days on Market | 89 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Lease Fee | $0 |
Listing Details
| Office | Excel Commercial Realty LLC |
|---|