Bought with List Sotheby's Int'l Realty
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Key Details
Sold Price $11,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Salt Lake
MLS Listing ID 202506287
Sold Date 05/27/25
Construction Status Good Condition
HOA Y/N No
Year Built 1971
Annual Tax Amount $18,734
Property Sub-Type Multi Family
Property Description
Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential.
20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building.
Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.
Location
State HI
County Oahu
Community Other, Storage Facilities, Trash Chute
Area Metro
Interior
Furnishings Partially
Fireplace No
Appliance Dryer, Washer
Laundry Coin-operated
Exterior
Parking Features Assigned, Covered, Open
Community Features Other, Storage Facilities, Trash Chute
Utilities Available Electricity Available, Natural Gas Available, Other, Underground Utilities, Water Available, Sewer Connected
Amenities Available Management
View Y/N Yes
View Mountain(s), Other
Total Parking Spaces 49
Building
Lot Description Cleared, 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 Moanalua
Middle Schools Moanalua
High Schools Moanalua
Others
Tax ID 1-1-1-062-047-0000
Financing Cash
Special Listing Condition None
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