TURNKEY 9-unit (Gated/Secured) Multi-Family Property in Kalihi. $14, 400/month current scheduled Income. 9 (large approx. 640sf) 2-bedroom units with 5 parking stalls. Most units fully renovated. Value add opportunity exists to raise rents on remaining under-market units and charge back for UTILITIES. Solid Concrete building with NEW approx. $70, 000 ROOF/ROOF HATCH. (Installed 11-2022 by Kapili Construction). Spall Repairs completed and NEW water main shutoff valve installed in 2022. Residential Property Tax Rate (Residential Dedication in place). Self-Managed All units have lanai with washer hookups with sink. Ground Floor units have fenced-in backyard lanais. Recently installed Hawaiian Tel FIBER OPTIC lines in each unit. Owner receives 10% share of income from subscribers.
Property Features
Bathrooms
Appliances
- Washer
- Laundry Features: In Unit
Land Info
- Lot Description: Cleared, Level
- Lot Size Acres: 0.1152663
- Topography: Level
- Lot Size Square Feet: 5021
Garage and Parking
- Parking Features: Assigned
- Parking Total: 5
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Parking Fee
Other Property Info
- Annual Tax Amount: 6924.36
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: KAPALAMA
- Parcel Number: 1-1-2-012-041-0000
- Postal City: Honolulu
- Subdivision: KAPALAMA
- Zoning Description: 46 - IMX-1 Industrial-Commercia
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 118022
- Operating Expense: 54778
- Operating Expense Includes: Insurance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1965
- Building Area Total: 5722
- Construction Materials: Hollow Tile, Concrete
- Levels: Three Or More
- Property Age: 60
- Property Condition: Good Condition
- Structure Type: Apartment
- Total Area Sqft: 5722
- Year Built Effective: 2023
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- High Speed Internet Available
- Phone Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public