Completely renovated inside and out, this 3-structure legal, non-conforming gem earns better than a 6.25% return (actual). Off the ground construction means repairs are simple! All 12 two-bedrooms are permitted & renovated with new electric, plumbing, kitchens, and bathrooms, windows, doors, new roofs, paint, and more. Separately metered for water, electric, and gas (not hooked up) mean recurring utility expenses for this excellent opportunity are close to zero. Private lane access runs with the property & includes 3 parking spaces that are rented out for addl income.
Property Features
Bathrooms
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Cul-De-Sac, Flag Lot, Interior Lot, Level
- Lot Size Acres: 0.1321625
- Topography: Level
- Lot Size Square Feet: 5757
Garage and Parking
- Open Parking: Yes
- Parking Features: Open
- Parking Total: 4
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Water
Other Property Info
- Annual Tax Amount: 3576.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: KAPALAMA
- Parcel Number: 1-1-6-001-058-0000
- Postal City: Honolulu
- Subdivision: KAPALAMA
- Zoning Description: 05 - R-5 Residential District
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 23576
- Operating Expense: 27976
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1916
- Building Area Total: 5808
- Construction Materials: Wood Frame
- Levels: Two
- Property Age: 109
- Property Condition: Excellent
- Levels or Stories: 2
- Structure Type: Apartment, Multi Family
- Total Area Sqft: 5808
- Year Built Effective: 2024
Utilities
- Sewer: Connected
- Above Ground Utilities
- Electricity Available
- High Speed Internet Available
- Water Available
- Sewer Connected