1559 Magazine ST Honolulu, HI 96822
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Punchbowl Area
MLS Listing ID 202615380
Construction Status Excellent
HOA Y/N No
Year Built 1950
Annual Tax Amount $5,628
Property Sub-Type Multi Family
Property Description
Designed for operational efficiency, all units except the Studio & 1bd/1ba units are separately metered for electricity, making the property easy to self-manage while helping minimize operating expenses. The asset generates strong in-place cash flow with an annual Net Operating Income (NOI) of approximately $110,243.
Ideally located just minutes from Downtown Honolulu, Queen's Medical Center, Kaka'ako, Ala Moana, the University of Hawai'i at Manoa, Roosevelt High School, and Punahou School, the property offers convenient access to major employment centers, shopping, dining, healthcare, and education. This is a rare opportunity for investors seeking a stable, income-producing asset in one of Honolulu's most centrally located neighborhoods.
Location
State HI
County Oahu
Area Metro
Interior
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Assigned, Covered
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
View Y/N Yes
View Other
Total Parking Spaces 5
Building
Lot Description Cleared
Dwelling Type Apartment
Entry Level Three Or More
Sewer Connected
Level or Stories Three Or More
Construction Status Excellent
Schools
Elementary Schools Lincoln
Middle Schools Stevenson
High Schools Roosevelt
Others
Tax ID 1-2-4-016-056-0000
Special Listing Condition None
