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.
Property Features
Bathrooms
Appliances
- Dryer
- Washer
- Laundry Features: Coin-operated
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Cleared, Interior Lot, Level
- Lot Size Acres: 0.5163912
- Topography: Level, Sloping
- Lot Size Square Feet: 22494
Garage and Parking
- Open Parking: Yes
- Parking Features: Assigned, Covered, Open
- Parking Total: 44
Home Features
School Information
- Elementary School: Moanalua
- High School: Moanalua
- Middle School: Moanalua
Homeowners Association
- Association Amenities: Management
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity
Amenities and Community Features
- Community Features: Storage Facilities, Trash Chute
Other Property Info
- Annual Tax Amount: 18734.04
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: SALT LAKE
- Parcel Number: 1-1-1-062-047-0000
- Postal City: Honolulu
- Subdivision: SALT LAKE
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 457740.3200000
- Operating Expense: 242346.2999999
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax
Building and Construction
- Year Built: 1971
- Building Area Total: 34312
- Construction Materials: Hollow Tile, Concrete
- Foundation Details: Slab
- Levels: Three Or More
- Property Age: 54
- Property Condition: Good Condition
- Structure Type: Apartment
- Total Area Sqft: 34312
Utilities
- Sewer: Connected
- Electricity Available
- Natural Gas Available
- Underground Utilities
- Water Available
- Sewer Connected
- Water Source: Public