Status

SOLD

Type

Multifamily

MLS#

202311583

Sold Price

$2,500,000

List Price

$2,400,000

Days on Market

20

Closing Date

Aug 31, 2023

Land Area

19,012

Year Built

1942

Neighborhood

Punchbowl

Land Tenure

FS - Fee Simple

Property Description

Calling all Investors! Introducing an investment opportunity to own four dwellings with a range of bedroom/bath layouts conveniently located in the heart of Punchbowl. This A-1 Apartment zoned property includes 2 TMK’s (1) 2-2-3-8 & TMK (1) 2-2-3-70 and 4 separate buildings known as 312-A, 312, 314 & 312-B Iolani Ave. The layout is comprised as followings: 314 Iolani, Front Right Building offers: 2 Bedroom/1 full Bath. 312 Iolani, Front Left Building offers: 2 Bedroom & 2 full Bath. 312-A Iolani, the Main House is located in the middle of the property offers: 4 Bedroom, 1 full Bath, 3 half Baths. Additionally, 312-B Iolani offers: One, 2-Bedroom & 1-full Bath unit AND/ Two, 1-Bedroom & 1-full Bath units. Gas is paid by each individual tenant. Owner takes care of water (entire property) & electricity for Building B units. (5 gas meters, 4 electric meters, & 2 water meters in total). There are 7 covered parking stalls, two, 2-car carports (314 & 312) & 1 open parking. This property offers flexibility, multiple rental opportunities & an excellent addition to your multifamily investment portfolio & best of all, is just minutes away from downtown Honolulu & easy freeway access.

Additional Information

Island

Oahu

Stories Type

One, Two

Utilities

Gas, Overhead Electricity, Public Water, Sewer Fee

View

City, Garden, Mountain

Easements

Sewer

Parking Total

11

Tenants Responsibilities Include

Electricity, Gas

Elementary School

Royal

Middle School

Kawananakoa

High School

Roosevelt

Lot Size

19,012

Unit One Bed Number Of

2

Construction Materials

Above Ground, Single Wall, Wood Frame

Mls Area Major

Metro

Neighborhood

Punchbowl

Year Built

1942

Tax Amount

$1,004

Sewer

Connected

Unit Two Bed Number Of

3

Roof

Asphalt Shingle, Other

Recreation Facilities

None

Parking Features

Assigned, Covered, Open

Lot Features

Clear

Amenities

Storage

Unit Three Bed Number Of

1

Assessed Total

3717800

Assessed Improvement

234500

Assessed Land

3483300

Zoning

11 - A-1 Low Density Apartment