1551 Thurston Honolulu HI 96822 · Neighborhood: Punchbowl Area · Region: Metro · MLS: 1201034 · TMK: 1-2-4-017-025-0000 & History 

Show all 14 photos. Updated 1/27/2012 2:33:11 PM
Withdrawn. Last listed for $2,350,000 FS
Location
Type: Multi Family Home
Region: Metro
Neigh: Punchbowl Area
1551 Thurston
Honolulu HI 96822
Area
Building sf:7,892
Land sf:8,700
Land acres:0.200
Other
Parking:9
Built:1954
Remodeled:2012
Furnished:
Elevators:0
Rooms
Studios:1
1 Bedroom Units:16
2 Bedroom Units:0
3 Bedroom Units:1
Com space:0
Total Units:18
Financials
Rental Income:209,400
Expenses:(67,742)
Net Operating Income:141,658
Other Income:0
Total Income:209,400
Remarks
Seller:NEW PRICE!! NEWLY PAINTED BUILDINGS and UPGRADES! 6.03% CAP on Actual Income and lowest price per door @ $130k for Concrete & Concrete / Wood. The property has also undergone an operational overhaul raising rents and stabilizing both income and expenses. Still a lot of opportunity for upside potential! PRIME MAKIKI LOCATION!!
Property Features
Amenities
None

Building Type
Apartments
Fourplex
Multi Dwellings

Condition
Above Average
Average

Construction
Brick
Concrete
Hollow Tile
Single Wall

Disclosures
None

Documents
Lease Documents
P&L
Survey

Easements
None

Expense Income
Excise Tax
Insurance
Mgmt Fee
Other
Property Tax
Repair Maintenance
Sewer Fee
Fee

Frontage

Furnished
None

Land Recorded
Regular System

Laundry
Coin
Dryer

Land Tenure
FS - Fee Simple

Lessee Pays
AC
Cable TV
Electricity
Parking

Listing Broker
Avalon Realty LLC

Location
Lot Description
Clear

Meters
Electric
Individual
Water

Parking Guest
None

Parking Tenant
Assigned
Covered
Possession
Close of Escrow

Recreation Facility
None

Roof
Asphalt Shingle
Pitch & Gravel

Sale Conditions
None

Set Backs
None
Sewer
Connected

Stories
4-7
Two

Terms Offered
Cash
Conventional

Terms Sold

Topography
Gentle Slope
Level

Utilities
Cable
Connected
Overhead Electricity
Public Water
Telephone
Water

View
City
Ocean

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: 2011Assessed
Land1,392,000
Improvement352,900
Exemption0
Total1,744,900
Monthly Tax5,687
56 Days on MarketKey DatesPricing
Year Built:1954
Original List:2,350,000 FS
Listed:1/26/20122,350,000 FS
Advertise:
Auction:
Price change:
Temp off Market:
Off Market:3/22/2012
Temp withdrawn:
Withdrawn:3/22/2012
Back on Market:
Status change:3/22/2012
Last Modified:3/22/2012
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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