Honolulu, HI 96816,1242 6th AVE
Listed by Island, REALTORS
Bought with Locations LLC
$3,415,000
Est. payment /mo
$3,700,000
7.7%
Est.Price: ?

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SOLD DATE : 04/01/2024

Key Details

Sold Price $3,415,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Palolo

MLS Listing ID 202306592

Sold Date 04/01/24

Construction Status Average Condition,Good Condition

HOA Y/N No

Year Built 1969

Annual Tax Amount $13,908

Property Description

OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.

Location

State HI

County Oahu

Area Diamondhd

Rooms

Ensuite Laundry Coin-operated

Interior

Laundry Location Coin-operated

Furnishings Partially

Fireplace No

Laundry Coin-operated

Exterior

Garage Assigned, Open

Community Features None

Utilities Available Above Ground Utilities, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected

View Y/N Yes

View Mountain(s)

Parking Type Assigned, Open

Total Parking Spaces 10

Building

Lot Description Interior Lot, Other, Level

Entry Level Two

Sewer Connected

Water Public

Level or Stories Two

Construction Status Average Condition,Good Condition

Others

Tax ID 1-3-3-003-021-0000

Financing Cash

Special Listing Condition None

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Hawaii Central MLS (HiCentralMLS)
Lex Ferguson

Agent | License ID: RS-78101

+1(808) 277-4715 | lex@lifeonoahu.com

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