Two Fee Simple Apartment Buildings for Sale

$ 1,800,000.00
Fee Simple

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.

  • 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

Basic Facts

Status: Type: Purchase Type: Fee Simple Area: 5914 sq ft
Lot size: 5949 sq ft

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Additional Resources

  • Fact Sheet
  • External Link: Loopnet
    This listing is located in Honolulu, and is currently offered by Cushman & Wakefield ChaneyBrooks.