Bought with Non-MLS
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Key Details
Sold Price $4,150,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Makiki
MLS Listing ID 202311027
Sold Date 11/20/23
Construction Status Good Condition
HOA Y/N No
Year Built 1966
Annual Tax Amount $8,932
Property Description
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!
INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate
Location
State HI
County Oahu
Area Metro
Rooms
Ensuite Laundry In Unit
Interior
Laundry Location In Unit
Fireplace No
Appliance Dryer, Washer
Laundry In Unit
Exterior
Garage Assigned
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Water Available, Sewer Connected
View Y/N No
View None
Parking Type Assigned
Total Parking Spaces 10
Building
Lot Description Cleared, Interior Lot, Other, Level
Entry Level Three Or More
Sewer Connected
Level or Stories Three Or More
Construction Status Good Condition
Schools
Elementary Schools Lincoln
Middle Schools Stevenson
High Schools Roosevelt
Others
Tax ID 1-2-4-030-033-0000
Security Features Lobby Secured
Financing 1031 Exchange
Special Listing Condition None
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