It is finally here! Investors love getting a good building in a strong neighborhood like Makiki or Moiliili. The only thing is, they do not come up very often.
The central location and A-12 medium density zoning make these areas very desirable. It allows buyers the opportunity to own a building that is not too large that the price becomes overwhelming. When investing in a multi-unit property, a buyer looks at different attributes than they might be looking at when buying a home that they will live.
A building like this is an investment (MLS# 1207958), so the numbers really matter. These are the things that are important for a building like this. Since these neighborhoods were developed in the 1960’s and 1970’s, there are things that come with the territory. The structure may be stylized with that era’s building techniques.
Oahu Architectural Standard For Buildings
They may be single wall construction and/or brick, and they often have the windows that are very common here on Oahu – louvers. These windows have their good points and their bad points. They have glass louvers that can open to allow good air flow through the home, but since they are older, they can often get stuck, rust, or break. Luckily, they are fairly cost effective and replaceable.
This multi-unit building is a common standard building for the Oahu real estate landscape using a combination of Hawaii architectural standards. It is good to be familiar with these common accents of Hawaii architecture.
The lower level is made with hollow brick, a common building material in Hawaii, and the upper level of the building is single wall construction, the other common Hawaii building material. Of course, for good airflow, louvered windows are present in all units – 8 units in all.
Unit Floor Plan and Information
Now for the units themselves, there are 8 units and all of them have 2 bedrooms and one bath. Each has a kitchen, parking space, and washing machine. A coin operated dryer is available for tenant use. The building is fully occupied. This is a great property at 1429 Liholiho Street.