245 Iolani Honolulu HI 96813 · Neighborhood: Punchbowl-Lower · Region: Metro · MLS: 1207554 · TMK: 1-2-1-021-040-0000 & History 

Show all 10 photos. Updated 7/5/2012 10:18:15 AM
Inactive. Last Sold for 2,100,000 FS on 10/31/2012
Location
Type: Multi Family Home
Region: Metro
Neigh: Punchbowl-Lower
245 Iolani
Honolulu HI 96813
Area
Building sf:13,144
Land sf:7,250
Land acres:0.166
Other
Parking:18
Built:1987
Remodeled:
Furnished:
Elevators:1
Rooms
Studios:12
1 Bedroom Units:3
2 Bedroom Units:0
3 Bedroom Units:0
Com space:0
Total Units:15
Financials
Rental Income:171,000
Expenses:(51,472)
Net Operating Income:144,128
Other Income:24,600
Total Income:195,600
Remarks
Seller:Beautifully maintained, fully tenanted 4 story, 15 unit bldg. with 18 stalls in parking garage. Prime location in Lower Punchbowl and central to Honolulu metro region. Desirable rental area on major bus lines and easy freeway access. Proforma financials.Buyer:Buyer 1031 Exchange
Property Features
Amenities
A/C

Building Type
Apartments

Condition
Above Average

Construction
Concrete
Hollow Tile

Disclosures
Property Disclosure Stmt

Documents
Inventory
Lease Documents
P&L

Easements
Other

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

Frontage
Other

Furnished
Partial

Land Recorded
Regular System

Laundry
Coin
Dryer
Washer

Land Tenure
FS - Fee Simple

Lessee Pays
Cable TV
Electricity
Parking

Listing Broker
Choi International

Location
Lot Description
Irregular

Meters
Electric
Individual
Water

Parking Guest
None

Parking Tenant
Assigned
Covered
Possession
Close of Escrow

Recreation Facility
None

Roof
Composition

Sale Conditions
None

Set Backs
CandC
Sewer
Connected

Stories
4-7

Terms Offered
Cash
Conventional

Terms Sold
Exchange

Topography
Gentle Slope

Utilities
Cable
Telephone
Water

View
City

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
Land962,900
Improvement1,105,100
Exemption0
Total2,068,000
Monthly Tax7,238
83 Days on MarketKey DatesPricing
Year Built:1987
Original List:2,950,000 FS
Listed:7/5/20122,450,000 FS
Advertise:
Auction:
Price change:9/14/2012
Temp off Market:
Off Market:10/31/2012
Temp withdrawn:
Withdrawn:
Back on Market:9/26/2012
Status change:11/5/2012
Last Modified:2/18/2013
Contingency:9/26/2012
Pending:9/26/2012
Conditional:
Sold:10/31/20122,100,000 FS
Concessions:(0)  
Net SP:2,100,000 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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