Status

SOLD

Type

Multifamily

MLS#

202306339

Sold Price

$2,425,000

List Price

$2,700,000

Days on Market

30

Closing Date

Jul 11, 2023

Land Area

15,000

Year Built

1931

Year Remodeled

2020

Neighborhood

Kaimuki

Land Tenure

FS - Fee Simple

Property Description

Rare investment opportunity in popular Kaimuki offering a unique combination of a duplex, a triplex, and a two story large dwelling containing 7 rented rooms + 2 rental apartments underneath. 17 parking stalls is a huge bonus value. Property is 15,000 sq.ft. R-3.5 fee simple. Good net income and nearly 0% vacancy (past 18 years of management by listor).

Largest dwelling has 7 rented rooms, a large common kitchen, high ceilings and community 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. 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. 2 washers/2 dryers in coin operated laundry room. 2 electric meters/6 gas meters.

Remodeling the front dwelling to be an owner/occupant home for the buyer would create a 2nd triplex and more lending options. 7 apartment rentals would remain for income.

Three generations of the same family have enjoyed ownership the past 78 years.

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