437 Namahana St

MLS® 202415757 (Hawaii Real Estate) is located at 437 Namahana St Honolulu HI 96815 in WAIKIKI . The current listing status is Active. This 0 bed and 0 bath Home was built in 1966 and features 6067 finished sq.ft with a lot size of 0.10 acres. This property is currently listed for an *asking* price of $4,000,000 (FS - Fee Simple) - please call for an explanation of fee simple vs leasehold. Buying Real Estate in Hawaii is very different from the mainland. We can help. 808-298-2030 Click Here to read customer Reviews from people who have worked with this agent.

Unique opportunity to acquire fee simple ownership of a strategically located parcel of land in Waikiki which is improved with a 12-unit apartment building and 6 parking stalls. This prime property is currently near the end of the ground lease term which is set to expire on January 1, 2025, presenting an investor the rare chance to own a fee simple apartment building in Waikiki. This distinguished property features a well-maintained, fully leased 12-unit apartment building, generating steady rental income. The approaching expiration of the ground lease provides a timely opportunity for investors to unlock further value through redevelopment or enhancement of the existing improvements. Ideal for investors looking to capitalize on the ground lease expiration, this property offers significant value-add opportunities. By renovating the apartment building and adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.