COMMERCIAL LISTING. RARE FIND in Salt Lake. Owners never thought they'd sell, so took care of the building like they'd keep it forever with lease rents WAY below market. Easy opportunity to 'manage up.' Beautifully maintained building with an elevator and 16 units: 4 ones, 12 twos, and 16 parking with 5 tandem stalls for 21 stalls total (most are covered w/extra charge for usage). Easy to rent units with cool mountain breezes in a desirable neighborhood. Hollow tile construction, simple & clean interiors in excellent condition. All units separately metered for electricity and one water meter.
Property Features
Bathrooms
Appliances
- Dryer
- Washer
- Laundry Features: Coin-operated
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Cleared, Interior Lot
- Lot Size Acres: 0.2295684
- Topography: Sloping
- Lot Size Square Feet: 10000
Garage and Parking
- Parking Features: Assigned, Covered
- Parking Total: 16
Home Features
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Parking Fee
Other Property Info
- Annual Tax Amount: 9331.92
- Source Listing Status: Active Under Contract
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: SALT LAKE
- Parcel Number: 1-1-1-061-027-0000
- Postal City: Honolulu
- Subdivision: SALT LAKE
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 169514
- Operating Expense: 97400
- Operating Expense Includes: Insurance, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1969
- Building Area Total: 13824
- Construction Materials: Hollow Tile
- Levels: Three Or More
- Property Age: 56
- Property Condition: Excellent
- Structure Type: Apartment
- Total Area Sqft: 13824
- Year Built Effective: 2024
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- High Speed Internet Available
- Phone Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public