Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023.
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: 0.1469238
- Topography: Level
- Lot Size Square Feet: 6400
Garage and Parking
- Parking Features: Assigned
- Parking Total: 6
Home Features
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Electricity, Gas
Other Property Info
- Annual Tax Amount: 6720.00
- Source Listing Status: Active Under Contract
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: MOILIILI
- Parcel Number: 1-2-7-002-009-0000
- Postal City: Honolulu
- Subdivision: MOILIILI
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 168964
- Operating Expense: 44756
- Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1953
- Building Area Total: 4208
- Construction Materials: Hollow Tile, Vinyl Siding, Wood Frame
- Levels: Two
- Property Age: 72
- Property Condition: Excellent
- Levels or Stories: 2
- Structure Type: Apartment, Multi Family
- Total Area Sqft: 4208
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- High Speed Internet Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public