Bought with Non-MLS
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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Kamehameha Heights
MLS Listing ID 202316412
Sold Date 11/06/23
Construction Status Good Condition
HOA Y/N No
Year Built 1964
Annual Tax Amount $3,079
Property Description
Where else can you earn a 5.78% Cap Rate on Existing Income & Expenses IN TOWN?? Rarely available neighborhood with excellent return. Clean, well-positioned building with easy access to the freeway in all directions. Seasoned, stable income from long-term tenants with well-tended plants make this building extremely welcoming, warm, and easy to rent. Brand new paint and spacious units with nice layout. Legal, non-conforming use means you can get a loan on all 8 units. Hollow tile construction, all tenants are separately metered for electric, one water meter. One renovated unit now renting for $1700, so potential income is greater than stated, 1 parking stall is tandem.
Location
State HI
County Oahu
Area Metro
Rooms
Ensuite Laundry In Unit
Interior
Laundry Location In Unit
Furnishings Partially
Fireplace No
Laundry In Unit
Exterior
Garage Assigned, Open
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
View Y/N No
View None
Parking Type Assigned, Open
Total Parking Spaces 7
Building
Lot Description Cleared, Interior Lot
Entry Level Two
Sewer Connected
Water Public
Level or Stories Two
Construction Status Good Condition
Others
Tax ID 1-1-6-015-013-0000
Financing Conventional
Special Listing Condition None
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