1551 Thurston Honolulu HI 96822 · Neighborhood: Punchbowl Area · Region: Metro · MLS: 1206986 · TMK: 1-2-4-017-025-0000 & History 

Show all 8 photos. Updated 6/21/2012 2:07:39 PM
Withdrawn. Last listed for $2,300,000 FS
Location
Type: Multi Family Home
Region: Metro
Neigh: Punchbowl Area
1551 Thurston
Honolulu HI 96822
Area
Building sf:8,242
Land sf:8,699
Land acres:0.200
Other
Parking:9
Built:1954
Remodeled:2011
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:1
Expenses:(64,860)
Net Operating Income:146,940
Other Income:1
Total Income:211,800
Remarks
Seller:Makiki Terrace Apartment consists of eighteen apartment units in three (3) walk-up apartment buildings. Property exterior has been recently painted. Stabilized NOI and solid history of stable occupancy. Offered at a 6.39% CAP on ACTUAL INCOME including managment fee. Best deal in Makiki for income and price per unit.
Property Features
Amenities
None

Building Type
Apartments
Fourplex
Multi Dwellings

Condition
Above Average
Average

Construction
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
Fee

Frontage

Furnished
Partial

Land Recorded
Regular System

Laundry
Coin
Dryer

Land Tenure
FS - Fee Simple

Lessee Pays
Cable TV
Electricity

Listing Broker
Avalon Realty LLC

Location
Lot Description
Other

Meters
Electric
Individual
Water

Parking Guest
None

Parking Tenant
Assigned
Covered
Possession
Close of Escrow

Recreation Facility
None

Roof
Asphalt Shingle
Composition
Pitch & Gravel

Sale Conditions
None

Set Backs
Of Record
Sewer
Connected

Stories
Three
Two

Terms Offered
Cash
Conventional

Terms Sold

Topography
Down Slope
Level

Utilities
Cable
Connected
Internet
Overhead Electricity
Public Water
Telephone
Water

View
City
Mountain
Ocean

Zoning
More Information
Contact listProp Mgt
Management Company:Self
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
Land1,321,800
Improvement354,700
Exemption0
Total1,676,500
Monthly Tax5,687
172 Days on MarketKey DatesPricing
Year Built:1954
Original List:2,350,000 FS
Listed:6/21/20122,300,000 FS
Advertise:
Auction:
Price change:8/7/2012
Temp off Market:
Off Market:12/10/2012
Temp withdrawn:
Withdrawn:12/10/2012
Back on Market:
Status change:12/10/2012
Last Modified:2/18/2013
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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