Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.
Property Features
Bathrooms
Appliances
- Laundry Features: Coin-operated
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Cleared, Corner Lot, Level
- Lot Size Acres: 0.2182507
- Topography: Level
- Lot Size Square Feet: 9507
Garage and Parking
- Parking Features: Covered, Tandem
- Parking Total: 17
Home Features
- View: City, Mountain(s), Sunrise
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Air Conditioning, Cable TV, Electricity
Amenities and Community Features
- Community Features: Storage Facilities
Other Property Info
- Annual Tax Amount: 37920.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: KAPALAMA
- Parcel Number: 1-1-6-002-063-0000
- Postal City: Honolulu
- Subdivision: KAPALAMA
- Zoning Description: 33 - BMX-3 Community Business M
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 225637
- Operating Expense: 89363
- Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1970
- Building Area Total: 10785
- Construction Materials: Hollow Tile
- Levels: Three Or More
- Property Age: 55
- Property Condition: Excellent
- Structure Type: Apartment, Multi Family
- Total Area Sqft: 10785
- Year Built Effective: 2022
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- High Speed Internet Available
- Phone Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public
