2135 Bannister Pl

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2135 Bannister Pl

Honolulu, HI 96819
Asking Price
$1.20M
Cap Rate
6.34%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Honolulu, Hawaii
  • Total building configuration includes six individual units
  • Offered for sale at an asking price of $1,200,000
  • Current asset performance reflects a 6.34% cap rate
  • Individual unit valuation equates to $200,000 per unit

What's Special

Honolulu serves as the primary economic and cultural hub of Hawaii, characterized by a dense urban environment and consistent demand for rental housing. This multifamily apartment building sits in the 96819 zip code area, providing proximity to major transit routes and local services in this high-barrier-to-entry market. Investors often seek properties in this region due to the sustained population density and the stable nature of the island economy. The asset consists of six residential units, offering a straightforward acquisition for portfolios seeking income-generating real estate in a major metropolitan center. With an asking price of $1,200,000, this property operates at a 6.34% cap rate. The layout and unit count allow for efficient property management and tenant turnover in a competitive rental climate. This building represents a functional addition for operators focusing on established multifamily assets within the Hawaiian capital.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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