PRIME CORNER LOT PERFECT FOR BILL 7 CONSIDERATION! This large 10, 000+ sf corner lot has convenient access to public transportation, the freeway, University of Hawaii and local schools. The apartment building has eight 2-bedroom/1-bath units with mostly long-term tenants who have benefited from under-market rents. The majority of tenants are on month-to-month rental. Heres an opportunity to upgrade units to maximize income. Or rebuild, taking advantage of the City & Countys Bill 7 and Bill 3. Buyers to do their own due diligence regarding these programs and the significant concessions available to builders. Priced at commercial appraisal dated July 10, 2024. Do not disturb tenants or walk on the property without a prior appointment.
Property Features
Bathrooms
Interior Features
- Furnished Description: Unfurnished
Land Info
- Lot Description: Corner Lot, Level
- Lot Size Acres: 0.2322084
- Topography: Level
- Lot Size Square Feet: 10115
Garage and Parking
- Open Parking: Yes
- Parking Features: Assigned, Open
- Parking Total: 6
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Air Conditioning, Cable TV, Electricity, Gas
Other Property Info
- Annual Tax Amount: 9963.48
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: MOILIILI
- Parcel Number: 1-2-7-005-043-0000
- 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: -8117
- Operating Expense: 89652
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1944
- Building Area Total: 6606
- Construction Materials: Masonry, Stucco, Wood Frame
- Levels: Two
- Property Age: 81
- Property Condition: Average Condition
- Levels or Stories: 2
- Structure Type: Apartment
- Total Area Sqft: 6606
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- Phone Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public