Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1, 250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the propertys overall value.
Property Features
Bathrooms
Appliances
- Laundry Features: Coin-operated
Land Info
- Lot Description: Level
- Lot Size Acres: 0.1033058
- Topography: Level
- Lot Size Square Feet: 4500
Garage and Parking
- Parking Features: Covered
- Parking Total: 6
School Information
- Elementary School: Ala Wai
- High School: Mckinley
- Middle School: Washington
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Lease Amount: 400
- Lease Expiration: 2025-01-01
- Tenant Pays: Cable TV, Electricity, Parking Fee
Other Property Info
- Annual Tax Amount: 7104.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-016-055-0000
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: X2 - Apartment Precinct
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 145514
- Operating Expense: 40486
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax
Building and Construction
- Year Built: 1966
- Building Area Total: 6067
- Construction Materials: Hollow Tile
- Levels: Three Or More
- Property Age: 59
- Property Condition: Average Condition, Good Condition
- Structure Type: Apartment
- Total Area Sqft: 6067
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- High Speed Internet Available
- Water Available
- Sewer Connected
- Water Source: Public