Bought with Commercial Inv. Strategies
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Key Details
Sold Price $8,137,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Moiliili
MLS Listing ID 202129560
Sold Date 02/16/22
Construction Status Good Condition
HOA Y/N No
Year Built 1959
Annual Tax Amount $12,888
Property Description
First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11,392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.
Location
State HI
County Oahu
Area Metro
Rooms
Ensuite Laundry Coin-operated
Interior
Laundry Location Coin-operated
Furnishings Partially
Fireplace No
Appliance Dryer, Washer
Laundry Coin-operated
Exterior
Garage Assigned, Covered, Open, Tandem
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
View Y/N Yes
View City, Garden
Parking Type Assigned, Covered, Open, Tandem
Total Parking Spaces 19
Building
Lot Description Cleared, Corner Lot, Interior Lot, Level
Entry Level Three Or More
Foundation Slab
Sewer Connected
Water Public
Level or Stories Three Or More
Construction Status Good Condition
Schools
Elementary Schools Lunalilo
Middle Schools Washington
High Schools Mckinley
Others
Tax ID 1-2-8-001-067-0000
Financing Conventional
Special Listing Condition None
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