TWO LOTS (38 & 39), 9880 sf of contiguous land, opportunity to build or keep as parking. Legal, non-conforming (Lender will lend on 8 units using excellent existing income of over $16K/mo) 7 one bedroom units, 1 commercial office space legal non-conforming (previously a convenience store) with lots of parking on adjoining lot. Opportunity to bring one beds to market rents. All but 2 units upgraded: new flooring, bathrooms, and kitchens, easy to rent units, all occupied with seasoned tenants. All tenants pay their own separate electric except unit F, whose meter is combined with the commercial unit. Coin laundry area behind property. Located in the heart of Palolo, across the street from laundromat, with easy access to freeway in all directions. Buyer to accept existing survey performed by Anthony Crook October 19, 2019.
Property Features
Bathrooms
Interior Features
- Furnished Description: Unfurnished
Land Info
- Lot Description: Cleared, Corner Lot, Level
- Lot Size Acres: 0.2268136
- Topography: Level
- Lot Size Square Feet: 9880
Garage and Parking
- Parking Features: Assigned
- Parking Total: 10
Home Features
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity
Other Property Info
- Annual Tax Amount: 10557.96
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: DiamondHd
- Property Subtype: condo
- Source Neighborhood: PALOLO
- Parcel Number: 1-3-4-023-038-0000
- Postal City: Honolulu
- Subdivision: PALOLO
- Zoning Description: 05 - R-5 Residential District
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 145779
- Operating Expense: 48489
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1947
- Building Area Total: 5416
- Construction Materials: Masonry, Stucco, Wood Frame
- Levels: Two
- Property Age: 78
- Property Condition: Good Condition
- Levels or Stories: 2
- Structure Type: Apartment, Multi Family
- Total Area Sqft: 5416
- Year Built Effective: 2024
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