RealtyZapp is the place to find Commercial Real Estate for Sale or Lease near Honolulu Hawaii featuring Multi-Family

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Featured Properties

Multi-Family Garden Style
For Sale $3,400,000
1170 North Rancho Robles Road, Oracle, Arizona 85623
Terry Lavery
Lavery Realty
Multi-Family Low-Rise
For Sale $1,100,000
1400 Alamo Street, Las Cruces, New Mexico 88001
Tony Briguglio
Baron Realty Group
Multi-Family Mid-Rise
Coming Soon
For Sale $1,999,000
17431 Koledo Lane, Huntington Beach, California 92647
Dawn Peterson
HomeSmart Evergreen Realty
Multi-Family Student
Sold
For Sale $3,200,000
225 South 5th West, Rexburg, Idaho 83440
Brent Butikofer
Idaho Business Properties
Multi-Family Fourplex
Sold
For Sale $770,000
590 Denslowe Drive, Reno, Nevada 89512
Terry Rasner
Reno/Tahoe Realty Group
A multi-family property is used for residential or commercial real estate. These properties can be an excellent investment option and can be found in a variety of styles. They can be attached side by side, like rowhomes; detached, like duplexes or condos; or multi-storied.

Additionally, a multi-family property can have one, multiple, or separate entrances for the units. Tenants that live inside the property do not own their units. Rather, they lease them from the property owners.

Investing in this type of property can be an exciting business venture. They provide a tremendous opportunity for cash flow, long-term appreciation, and tax advantages. However, financing the purchase can be very costly.

Before purchasing a multi-family property in Honolulu Hawaii, you need to consider a few things. Is the structure sound, and is the aesthetic practical and pleasing? Do you believe tenants would want to live here? How much do you expect to pay in repairs and renovations? Does it have amenities that are attractive to potential renters?

Also, consider whether the building is located in an area tenants want or need to live. Is there a school, attraction, or major employer nearby that would make your property more desirable? Consider if the property in question is close to essential facilities. These facilities are commonly grocery stores, public transportation, retail centers and healthcare facilities.

Not everyone is cut out for managing a property. Are you prepared to be a landlord? In addition to maintaining the property, you will be responsible for managing your renter’s payments and needs 24/7. You will also be responsible for abiding by many constantly changing landlord laws. If you do not think you are meant to be a landlord, consider hiring a property manager.

Multi-family properties can be great investments with a steady positive cash flow. However, you could quickly lose a lot more than you gain if you have trouble renting out vacant units or with appreciating property value. Serious apartment investors should perform a cash flow analysis of the property. Be sure to include reasonable profit and loss expectations for rented and vacant units.

Selling a constantly vacant or underappreciated multi-family building can be challenging. If you find yourself in this situation, you may have to sell your property at a loss to an investor who can put more capital into improving the property.

If you want to purchase a multi-family property in Honolulu Hawaii, but need help with funding, consider creating a syndication. To create a syndication, you pool your money together with one or more investors to share the costs, profits and decision making. The group of investors that pool their money with you is called your general partners.

General partners will make property and business decisions according to an agreed business plan. You can further fund and grow your business by selling small stakes to investors. Your small stake investors are called limited partners. Limited partners are only passive investors in your property. While they do not make any decisions regarding the business, their investments will help keep it afloat. In return, they receive profit distributions, as well as profit from when you decide to sell the property.

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