A rarely available, well-maintained, walk-up apartment building near UH Manoa that is NOT in a flood zone is a significant saving. The building is solid concrete but not on stilts. It sits on a larger-than-average lot size (over 10, 000 SF.!), which allows for additional parking, more land appreciation, and less future structural maintenance. Not only is the land vast for a 6-unit building, but the units are more significant, with the 2-bed units averaging 700 SF and the 1-bed unit approximately 550 SF. The ground-floor units have private/fenced backyard areas, while the second-level apartments have city views. Don't let your investor miss out on this building. The rents are pro forma based on HUD.GOV fair market rents.
Property Features
Bathrooms
Appliances
- Dryer
- Washer
- Laundry Features: Coin-operated
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Cleared, Level
- Lot Size Acres: 0.2391414
- Topography: Level
- Lot Size Square Feet: 10417
Garage and Parking
- Parking Features: Assigned
- Parking Total: 11
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: 7080.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: UNIVERSITY
- Parcel Number: 1-2-8-007-009-0000
- Postal City: Honolulu
- Subdivision: UNIVERSITY
- Zoning Description: 05 - R-5 Residential District
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 131695
- Operating Expense: 44280
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1969
- Building Area Total: 4450
- Construction Materials: Concrete
- Levels: Two
- Property Age: 56
- Property Condition: Good Condition
- Levels or Stories: 2
- Structure Type: Apartment
- Total Area Sqft: 4450
Utilities
- Sewer: Connected
- Cable Available
- High Speed Internet Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public