TO BE SOLD with Adjacent Property (Parcel 117-19-8), MLS #202426382. Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26, 941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the developer, creative investor, or/and contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This specific parcel includes five plantation-style cottages, each with 2 bedrooms and 1 bath. It provides privacy while being close to bus lines, shopping, restaurants, easy access H-1 freeways (East and West), downtown business districts. The property (5 single family dwellings) is being sold as-is (1 WATER METER, 5 ELECTIC METERS, AND APPROX. 1-2 GAS METERS). Dont miss out on this rare findits a great buy with amazing potentials on apartment zoning!
Property Features
Bathrooms
Appliances
- Laundry Features: In Unit
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Cleared, Interior Lot, Level
- Lot Size Acres: 0.2067034
- Topography: Level
- Lot Size Square Feet: 9004
Garage and Parking
- Open Parking: Yes
- Parking Features: Assigned, Covered, Open, Tandem
- Parking Total: 8
Home Features
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Gas
Other Property Info
- Annual Tax Amount: 5856.24
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: KUAKINI
- Parcel Number: 1-1-7-019-007-0000
- Postal City: Honolulu
- Subdivision: KUAKINI
- Zoning Description: 11 - A-1 Low Density Apartment
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 106981.3200000
- Operating Expense: 25858.68000000
- Operating Expense Includes: Insurance, Real Estate Tax, Water/Sewer
Building and Construction
- Year Built: 1940
- Building Area Total: 4588
- Construction Materials: Wood Frame
- Levels: Two
- Property Age: 85
- Property Condition: Average Condition
- Levels or Stories: 2
- Structure Type: Multi Family
- Total Area Sqft: 4588
- Year Built Effective: 2009
Utilities
- Sewer: Connected
- Natural Gas Available
- High Speed Internet Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public