Status

SOLD

Type

Multifamily

MLS#

202125564

Sold Price

$1,798,000

List Price

$1,688,000

Days on Market

14

Closing Date

Feb 25, 2022

Land Area

6,384

Year Built

1961

Year Remodeled

2021

Neighborhood

Waimalu

Land Tenure

FS - Fee Simple

Property Description

5.72% cap rate return on ACTUAL INCOME AND EXPENSES. Rarely available apartment building in desirable excellent location with excellent access to Pearlridge and coming rail station. Solid investment with proven return, seasoned rents, and better than 1:1 parking. All units are separately metered and have their own full-sized washer dryers, and 2 coin machines, all owned. Hollow tile 2 story with concrete roof. Electric updated to 90amps; surveillance system. See matterport for 2 units showing. No showings without an accepted offer.

Additional Information

Island

Oahu

Stories Type

Two

Utilities

Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water

View

None

Easements

None

Parking Total

10

Tenants Responsibilities Include

Electricity

Sqft Building

3600

Lot Size

6,384

Construction Materials

Hollow Tile

Mls Area Major

PearlCity

Neighborhood

Waimalu

Furnished

Partial

Year Built

1961

Year Remodeled

2021

Tax Amount

$371

Total Income

118115

Sewer

Connected

Unit Two Bed Number Of

6

Roof

Other

Recreation Facilities

None

Parking Features

Assigned, Open

Lot Features

Clear

Amenities

None

Total Annual Operating Expenses

21585

Assessed Total

1275100

Assessed Improvement

253700

Assessed Land

1021400

Zoning

12 - A-2 Medium Density Apartme