1321 Palolo Honolulu HI 96816-2551 · Neighborhood: Palolo · Region: Diamond Head · MLS: 1112946 · TMK: 1-3-3-003-011-0000 & History 

Show all 1 photos. Updated 10/25/2011 11:15:03 PM
Expired. It was offered at $1,595,000 FS
Location
Type: Multi Family Home
Region: Diamond Head
Neigh: Palolo
1321 Palolo
Honolulu HI 96816-2551
Area
Building sf:4,108
Land sf:9,835
Land acres:0.226
Other
Parking:6
Built:1988
Remodeled:
Furnished:
Elevators:0
Rooms
Studios:0
1 Bedroom Units:0
2 Bedroom Units:0
3 Bedroom Units:2
Com space:0
Total Units:2
Financials
Rental Income:70,366
Expenses:(0)
Net Operating Income:70,366
Other Income:0
Total Income:70,366
Remarks
Seller:Two buildings built in 1988, with 6 bedrooms each. 5 full baths and 3 half baths. Leased to tenants until 5/31/2018, $5,863/month, triple net, with increase every 3 years. 4.41% cap rate for owner. Tenants pay all utilities, insurance, property taxes, repairs and maintenance. Currently used as very successful care home for senior citizens.
Property Features
Amenities
Resident Manager

Building Type
Multi Dwellings

Condition
Above Average

Construction
Double Wall
Slab
Wood Frame

Disclosures
Property Disclosure Stmt

Documents
Lease Documents

Easements
None

Expense Income
Other
Fee

Frontage
Other

Furnished
Partial

Land Recorded
Land Court

Laundry
Space

Land Tenure
FS - Fee Simple

Lessee Pays
Cable TV
Electricity
Other
Water

Listing Broker
Quincy Kaneshiro, REALTOR

Location
Lot Description
Clear

Meters
Electric
Water

Parking Guest
<10 Spaces

Parking Tenant
Open
Unassigned
Possession
Close of Escrow
Subject To Tenancy

Recreation Facility
Play Area

Roof
Asphalt Shingle

Sale Conditions
None

Set Backs
CandC
Sewer
Connected

Stories
Two

Terms Offered
Cash
Conventional

Terms Sold

Topography
Level

Utilities
Connected
Internet
Overhead Electricity
Public Water
Telephone

View
Mountain

Zoning
More Information
Contact listProp Mgt
Management Company:
Management Company Phone:
 
About LeaseholdLease Info
Lessor:
Renegotiation:
Lease expires:
Compare Fee Simple to Leasehold to Rent
 
Sample LH DisclosureRent per monththrough
Current:00
Step 1:00
Rates Real Property Tax
Tax year: 2012Assessed
Land786,300
Improvement639,000
Exemption0
Total1,425,300
Monthly Tax448
4,970 Days on MarketKey DatesPricing
Year Built:1988
Original List:1,595,000 FS
Listed:10/25/20111,595,000 FS
Advertise:
Auction:
Price change:
Temp off Market:
Off Market:4/27/2012
Temp withdrawn:
Withdrawn:
Back on Market:
Status change:4/27/2012
Last Modified:4/27/2012
Contingency:
Pending:
Conditional:
Sold:0 FS
Concessions:(0)  
Net SP:0 FS
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Multi Family Home listing.
If you would like to work with a pro, contact:
Robin Glass, (R), PB, MBA
Hawaii Home + Commercial LLC
☎ 808-358-1774
glassr@hawaiihome.cc

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