Status

ACTIVE

Type

Multifamily

MLS#

202306339

List Price

$2,700,000

Days on Market

13

Land Area

15,000

Year Built

1931

Year Remodeled

2020

Neighborhood

Kaimuki

Land Tenure

FS - Fee Simple

Property Description

Rare offering of a 15,000 sq.ft. parcel improved with three buildings and potential to build one more! Good income flow from the 14 rentals. Property family owned for 78 years and is their former home where they lived. New buyer could build their new residence on the back corner of the parking lot. This would eliminate just 3 of the 17 parking stalls.

Largest dwelling is a legal registered boarding house with 7 rented rooms, a large common kitchen, lockers for each tenant, high ceilings and storage underneath. 3 rooms have complete bathrooms inside the rooms, one has a half bath, and three share the two common toilet rooms/one shower stall room. All rooms have individual refrigerators and sinks. Some tenants do light cooking in their rooms. Under this building are two apartments (studio and one bedroom). The two additional buildings contain 1 studio, 2 one bedroom apartments, 1 two bedroom apartment, and 1 three bedroom apartment. Washers/dryers in laundry room.

Location near schools and shopping is in high demand for tenants. Vacancy rate has been near ZERO these past 18 years! One tenant now 52 years old was born here! This is a community of long term tenants.

Additional Information

Island

Oahu

Stories Type

One, Two

Utilities

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

View

Garden

Easements

None

Parking Total

17

Tenants Responsibilities Include

Cable TV, Gas

Sqft Building

4857

Lot Size

15,000

Unit One Bed Number Of

3

Construction Materials

Single Wall, Slab, Wood Frame

Mls Area Major

DiamondHd

Neighborhood

Kaimuki

Studio Units Number Of

9

Frontage

Other

Furnished

Partial

Year Built

1931

Year Remodeled

2020

Tax Amount

$692

Total Income

176562

Sewer

Connected

Unit Two Bed Number Of

1

Roof

Asphalt Shingle

Recreation Facilities

None

Parking Features

Assigned, Covered, Open

Lot Features

Clear

Amenities

A/C, Storage

Total Annual Operating Expenses

72902

Unit Three Bed Number Of

1

Assessed Total

2373200

Assessed Improvement

623200

Assessed Land

1750000

Zoning

07 - R-3.5 Residential District