$3.475M Off-Market Multifamily Acquisition in McCully, Honolulu

When our client sought to reinvest capital from their business operations into a multifamily investment, they needed a property that would provide strong cash flow and opportunities for value appreciation. Finding the right deal in a competitive market was challenging, but through our expertise and network, we secured an off-market 15-unit property in the desirable McCully neighborhood.

Project Highlights

• Property Type & Size: A 15-unit multifamily property featuring 12 two-bedroom, one-bathroom units and 3 one-bedroom, one-bathroom units on 9,600 square feet of land.
• Prime Location: Located in McCully, Honolulu, a high-demand rental area with excellent accessibility to urban amenities.
• Acquisition Price: $3,475,000.
• Nearby Landmarks: Close to Ala Moana Shopping Center, Waikiki Beach, the University of Hawaii at Manoa, and McCully Shopping Center. The property benefits from easy access to major thoroughfares and public transportation.

Challenges Faced:

• Competitive Market Conditions: With high demand for multifamily investments, securing an ideal property at the right price was a challenge.
• Identifying Off-Market Opportunities: Many of the best investment properties do not hit the open market, requiring strong industry connections to uncover hidden deals.

Advantages Secured:

• Exclusive Off-Market Opportunity: We sourced a rare 15-unit multifamily property that met the buyer’s investment criteria.
• Strong Cash Flow & Value-Add Potential: The property provided immediate income with potential for rent increases through strategic upgrades.
• Desirable Location: McCully’s central location ensures strong tenant demand and long-term appreciation.

About McCully, Honolulu

McCully is a vibrant neighborhood in Honolulu, known for its convenient location between Waikiki and downtown Honolulu. It offers a mix of residential, retail, and dining options, making it a popular choice for both residents and investors. The area's proximity to the University of Hawaii at Manoa, major shopping centers, and public parks contributes to its strong rental demand. With continued development and infrastructure improvements, McCully remains a prime market for multifamily investments.

Client Testimonial:

"The level of attention and guidance Kynan provided throughout this transaction was exceptional. He not only found a fantastic off-market deal in a prime neighborhood but also ensured the acquisition fit perfectly with our long-term investment goals. We're thrilled with the results!"