$100,000 PRICE ADJUSTMENT $242,000 /UNIT 1- 3br, 1-2br, 5-1br. 6.1% CAP RATE PROFORMA for this conveniently located property! Awaiting your offer.. Fully tenanted and recently painted seven unit apartment complex on wide streets. Property used by tenants to park six cars in unmarked spaces. In convenient Kapahulu. Near Waikiki, Ala Moana, restaurants, super market (Safeway and Foodland), other consumer establishments, and bus lines. To be sold in existing As Is condition. Subject to 1031 Exchange. Seller prefers to use Barbara Paulo, Title Guaranty Escrow (Queen St.). Please do not disturb or discuss with tenants. Fully tenanted. No showings. Make an offer subject to inspection.
Property Features
Bathrooms
Heating and Cooling
- Cooling Features: Central Air
Land Info
- Lot Description: Corner Lot, Level
- Topography: Level
Garage and Parking
- Parking Features: Open
- Parking Total: 6
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Gas
Amenities and Community Features
- Community Features: Storage Facilities
Other Property Info
- Annual Tax Amount: 5400
- Source Listing Status: Active Under Contract
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Source Neighborhood: KAPAHULU
- Parcel Number: 1-2-7-035-020-0000
- Postal City: Honolulu
- Subdivision: KAPAHULU
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
Commercial Info
- Net Operating Income: 103708
- Operating Expense: 35492
- Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1938
- Building Area Total: 3365
- Construction Materials: Hollow Tile, Single Wall, Wood Frame
- Levels: Two
- Property Age: 87
- Property Condition: Average Condition
- Levels or Stories: 2
- Structure Type: Apartment
- Year Built Effective: 1955
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- Phone Available
- Water Available
- Sewer Connected
- Water Source: Public